Coffee faces resistance near 240.00

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


Trading demand for coffee has served as a reason for this review of the commodity price. In general, the price has been declining though 2022. It has been finding support in a descending trend line. Meanwhile, since April, the price has been kept down by a resistance zone at 237.60/243.40. In the meantime, the 50 and 200-day simple moving averages have been observed to be capable of acting as short term support and resistance.

During late August trading, the price bounced off the resistance zone and started a decline. On September 8, the 50-day SMA slowed down the price and it retraced to find resistance in the 200-day SMA.

A decline below the 50-day SMA and the 220.00 mark could look for support in the 210.00, 200.00 and 190.00 levels, before the supporting descending trend line would be reached.

However, a recovery of the price would need to pass the 200-day SMA and the 230.00 level. Afterwards, the 237.60/243.40 zone might once again stop a price surge.
Back to articles

Actual Topics

Fri, 09 Sep 2022 13:07:15 GMT

French stocks respect moving averages

During August, the French stock index hit the combined resistance of the 6,600.00 level and the 200-day simple moving average. the Resistance was enough to cause a decline, which reached the 6,000.00 mark. The round price level acted as support and has caused a minor recovery. On September 9, the index was approaching the 50-day simple moving average near

Thu, 08 Sep 2022 11:47:46 GMT

USD/CHF approaches 0.9900 level

The surge, which has followed the breaking of the channel down pattern, was heading to the 0.9900 mark. However, on September 8, the currency pair appeared to have started a decline, as it suddenly reversed and approached the 0.9700 level. A decline below the 0.9700 mark might look for support in the 50-day simple moving average near 0.9640. Further below,

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.