USD/CAD consolidates gains

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


The surge of the USD/CAD reached the 1.2600 mark on Thursday evening. In the aftermath of reaching the 1.2600 level, the pair started to trade sideways in the range between the support of the 1.2570/1.2575 zone and the resistance at 1.2595/1.2605.

If the pair passes the resistance zone at 1.2595/1.2605, the USD/CAD could aim at the resistance of the weekly R3 simple pivot point at 1.2631. Above the pivot point, a resistance zone is located near 1.2650.

In the case of a decline below 1.2570/1.2575, the pair might find support in the weekly R2 simple pivot point at 1.2555 and the 50-hour simple moving average near 1.2540.
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Fri, 12 Nov 2021 14:44:25 GMT

EUR/USD passes retracement level

The EUR/USD eventually passed the support of the 50.00% Fibonacci retracement level at 1.1455. Afterwards, the rate retraced back up to the 1.1455 level and confirmed it as a resistance three times. At mid-day on Friday, it appeared that the pair was set to continue its decline. A potential target for the decline would be the weekly S3 simple pivot

Fri, 12 Nov 2021 13:19:50 GMT

GBP/JPY retraces upwards

After passing the support zone at 152.55/152.75, the GBP/JPY reduced volatility until the midnight to Friday. At midnight, the pair started a recovery, which pierced the resistance of the 50-hour simple moving average and almost touched the 153.00 level. However, by the middle of the day's trading, it appeared that the pair could resume its decline. A potential decline of the

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