USD/CAD bounces off 1.2700

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


On January 24, the USD/CAD bounced off the resistance of the 1.2700 level. Since then, the rate has been trading sideways above the 1.2630 mark and the weekly R1 simple pivot point at 1.2632.

A decline below the 1.2630 level, the rate might aim at the 50-hour simple moving average near the 1.2600 mark. Below the 1.2600 level, the weekly simple pivot point at 1.2542 and the 200-hour simple moving average could provide support.

Meanwhile, a surge above the 1.2700 mark would have first have to test the weekly R2 simple pivot point at 1.2679. Higher above, note the 1.2750 level and the weekly R3 simple pivot point at 1.2770.
Back to articles

Actual Topics

Tue, 25 Jan 2022 14:17:05 GMT

EUR/USD hits new January low level

The EUR/USD passed the support of previous January low levels near 1.1275. However, the pair has close by the December 21 and 22 low level zone above the 1.1260 mark. Meanwhile, the US Dollar is expected to strengthen, as the markets expect Wednesday's hawkish Federal Reserve announcements at 19:00. In the near term future, the pair could make an

Tue, 25 Jan 2022 11:16:50 GMT

GBP/JPY declines in large channel

Since January 12, the GBP has been declining against the Japanese Yen in a large scale channel down pattern. The decline started, as the rate bounced off the 2022 high level of January 5 at 157.80. Most recently, on January 24, the rate bounced off the pattern's lower trend line and started a recovery that encountered the 50-hour simple moving

Subscribe to "Fundamental Analysis" feed

Souscrire
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.