Stellar finds resistance in SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At the start of December, the price for Stellar found support in the lower trend line of the channel down pattern, which has guided the XLM/USD rate since the start of November. The following surge reached the resistance of the 50-four hour period simple moving average. The SMA provided enough resistance for a decline to begin.

If the pair continues to decline, it could find support in the lower trend line of the channel down pattern. Meanwhile, note that the 0.2000 mark provided support in Summer.

On the other hand, the rate might make an attempt to pass the resistance of the 50-four hour period simple moving average. A move above the SMA is most likely going to find resistance at the upper trend line of the channel and the 200-period SMA.
Back to articles

Actual Topics

Fri, 10 Dec 2021 10:36:07 GMT

EOS bounces off resistance line

The price for EOS has bounced off the trend line, which connects the November and December high levels. On December 10, the EOS/USD rate reached the summer low level at 3.1622. The 3.1622 level appears to have provided both support and resistance in the aftermath of the December 4 crypto flash crash. If the price reaches below the 3.1622 level, it

Thu, 09 Dec 2021 10:47:34 GMT

USA Tech stocks find support in SMA

Since July 2020, the USA Tech stock index has been surging in a large scale channel up pattern. On November 22, the index bounced off the pattern's upper trend line and started a decline. The decline was stopped by the 50-day simple moving average near 15,700.00. By December 9, the index had recovered to 16,400.00. In the case of a continuation

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.