GBP/USD is pushed up by 55-hour SMA

Source: Dukascopy Bank SA
On Tuesday morning, the GBP/USD was being pushed higher by the 55-hour SMA. Previously, it was expected that this might occur. By the middle of the day, the rate had tested the resistance of the 1.2700 level, which managed to hold.  

In regards to the near term future, the rate was set to be pushed above the 1.2700 level by the 55-hour SMA.

On the other hand, the rate might trade between the support of the monthly pivot point at 1.2600 and the 1.2700 level.
Back to articles

Actual Topics

Tue, 15 Oct 2019 11:28:21 GMT

USD/JPY pierces support level

By the middle of Tuesday's London trading, the USD/JPY had retreated below the 55-hour simple moving average, which was located at the 108.30 level. 

Tue, 15 Oct 2019 11:09:35 GMT

EUR/USD breaks ascending pattern

The EUR/USD has broken the ascending channel pattern of the hourly chart and declined below the 55-hour SMA.

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.