EUR/USD reveals triangle pattern

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


On Friday, analysts connected the January high levels of the EUR/USD currency exchange rate to reveal a resistance line. Meanwhile, the December 29 and January 4 low levels form a support zone. The two technical drawings combined form a descending triangle pattern. In theory, the pattern should squeeze the rate in, as the resistance line would force the rate into the support zone. Eventually, a break out up or down should occur.

In the case of the pair breaking the resistance line, the EUR/USD might aim at the weekly simple pivot point at 1.1345. Although, take into account that the 1.1330 mark might slow down a surge.

On the other hand, a decline of the pair would first reach the support zone at 1.1272/1.1277. Below the support zone, December 21 and 22 low levels could stop a decline at 1.1260/1.1265.
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Fri, 07 Jan 2022 13:55:30 GMT

GBP/USD pierces resistance zone

The release of the US monthly employment data at 13:30 GMT on Friday increased volatility on all pairs and assets that involve the US Dollar. During the volatility, the currency pair pierced the resistance of the 1.3550/1.3560 zone. If the GBP/USD clearly passes above the 1.3560 mark, the rate might find resistance in the weekly R1 simple pivot point at

Fri, 07 Jan 2022 11:19:33 GMT

USD/CAD breaks pattern

The USD/CAD currency pair has passed below the lower trend line of the channel up pattern, which guided the rate since December 31. On Friday, the rate confirmed the support line of the pattern as resistance. Meanwhile, support was being found in the 1.2708 level, which is three base points above the weekly simple pivot point at 1.2705. A decline

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