EUR/USD remains near 1.0400

Source: Dukascopy Bank SA


The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350.

The surge of the Euro against the US Dollar could encounter resistance in the 1.0450 and 1.0500 levels, before reaching the weekly R1 simple pivot point at 1.0512. Higher above, note the 1.0550 and 1.0600 levels.

On the other hand, a decline of the pair would look for support not only at 1.0350 and the 50 and 100-hour SMAs, but also the 1.0300 level
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Thu, 17 Nov 2022 08:58:02 GMT

GBP/USD is pushed up by 50-hour SMA

Since Tuesday, the GBP/USD currency exchange rate has been pushed up by the 50-hour simple moving average. The SMA has been strong enough to force the rate through the resistance of the 1.1900 mark. A move higher could encounter resistance in the 1.2000 mark, before approaching the weekly R1 at 1.2026. Higher above, note that the 1.2100 and 1.2150 levels

Wed, 16 Nov 2022 09:05:37 GMT

Gold is supported by 50-hour SMA

Since early Tuesday's trading hours, the price for gold has been fluctuating between the support of the 1,766.15/1,768.30 zone and resistance at 1,784.20/1,786.60. On Wednesday morning, the commodity was observed to be finding support in the 50-hour simple moving average near 1,770.00. A surge of the commodity price is expected to test the resistance of the 1,784.20/1,786.60 zone, before approaching the

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