EUR/USD respects pivot point

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Source: Dukascopy Bank SA


The EUR/USD found support in the weekly simple pivot point at 1.0965 The event was followed with a surge of the rate up to the resistance of the 1.1060 level. At mid-day on Wednesday, the rate was testing the resistance level.

A move above 1.1060 might be slowed down by the 1.1080 and 1.1100 levels, before approaching the weekly R3 simple pivot point at 1.1112. Note that the 1.1080 level ended and reversed the pair's early April surge.

On the other hand, a bounce off from the resistance could look for support in the weekly R1 simple pivot point and the 50-hour simple moving average near 1.1020. Further below, note the 1.1000 mark, the 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0965.
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Wed, 26 Apr 2023 11:48:48 GMT

GBP/USD respects round levels

The GBP/USD currency exchange rate has bounced off the support of the 1.2400 mark. Previously, the pair respected resistance of the 1.2500 mark. At mid-day on Wednesday, the pair was heading to the 1.2500 mark. A move above the 1.2500 mark and the resistance zone at it could be slowed down by the weekly R2 simple pivot point at 1.2542.

Tue, 25 Apr 2023 11:35:38 GMT

Gold bounces off 2,000.00

The price of Gold ignored the 50 and 100-hour simple moving averages and approached the 2,000.00 mark. At midnight to Tuesday the price bounced off the round level. By mid-Tuesday, the metal appeared to be heading back to the 1,970.00/1,975.00 support zone. A decline of the commodity price would have to reach below 1,970.00, before approaching the February and January

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