DUK+/EUR can move sharply

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Throughout the last week, the DUK+/EUR currency exchange rate retreated below the 55 and 100-day simple moving averages that were located at 1.5800 and 1.5600.

In the meantime, it was spotted this Monday that both buy and sell order clusters had moved away from the exchange rate. Due to that reason an influx of buying or selling could suddenly move the pair.

Daily Candle Chart


During the last couple of weeks it was spotted that the 55 and 100-day simple moving averages impact the rate in a quite peculiar way. Namely, they manage to provide both support and resistance.

However, they do not manage to cause reversals. The rate pauses at the SMAs for a couple of trading sessions and afterwards resumes trading.

Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Dukascopy Analytics has visualized the data by marking the buy and sell order levels on the chart. Below, one can observe the market orders on October 19.

In general, pending order clusters are far away from the rate. Previously, the orders surrounded the rate and caused a lock in.

The most close by notable buy order cluster was at 1.4500. At that level, almost 1,500.00 coins could be bought.

Meanwhile, there are two sell order clusters that can be mentioned. There are orders to sell at 1.7000 and 1.7500.
{ATTACHMENT}
{ATTACHMENT}

Future outlook
Previous forecast remains intact, as a couple of minor sell and buy deals occur. For the rate to make a sudden move, there should be an inflow of either buy or sell orders.

In the case of someone starting to buy up the pair, it would most likely stop at 1.7000, where the sell orders would be executed.

On the other hand, if a sell off starts, it should reach the 1.4500 mark, where buy orders are located at.
Back to articles

Actual Topics

Tue, 20 Oct 2020 09:31:55 GMT

EUR/USD reaches 1.1800

Various resistance levels failed to keep the EUR/USD pair down, as by mid-Monday the rate had reached the 1.1790 level. On Tuesday morning, the currency exchange rate had consolidated by retreating and trading sideways near 1.1700. Afterwards, it found support in the 200-hour SMA and resumed the surge. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US

Mon, 19 Oct 2020 11:11:24 GMT

Gold trades sideways

Since Friday morning, the yellow metal's price has fluctuated between the support of the 1,900.00 level and the resistance of the 1,915.00 mark. By the middle of Monday's GMT trading hours, the currency exchange rate was had surged up and was expected to test the 1,915.00 mark. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On

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.