USD/CAD reveals triangle pattern

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


It was spotted on Friday that since Tuesday the USD/CAD currency exchange rate has been trading in a descending triangle pattern. Namely, the pair has booked lower high levels, as it keeps findings support at 1.2665/1.2675.

If the pair breaks out of the triangle to the upside, it could aim at the weekly R1 simple pivot point at 1.2776. On the other hand, a break-out downwards would almost immediately find support in the February low level zone at 1.2638/1.2657 and the weekly S1 simple pivot point at 1.2655.

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Fri, 18 Feb 2022 12:28:35 GMT

EUR/USD finds support in low level trend line

At mid-day on Friday, the EUR/USD currency exchange rate was finding support in the trend line, which connects the week's low levels. Meanwhile, it was spotted that the hourly simple moving averages could shortly impact the currency pair. If the currency pair declines below the supporting trend line, the 100-hour simple moving average and the 1.1350 mark, a potential decline

Fri, 18 Feb 2022 10:26:13 GMT

GBP/JPY pierces resistance zone

At mid-day on Friday, the GBP/JPY pair passed the resistance zone that is located at 157.00/157.12. In the meantime, support was being provided by the 50 and 200-hour simple moving averages and the weekly simple pivot point at 156.65/156.70. If the pair continues to surge, the GBP/JPY rate might find resistance in the 157.50 and 158.00 levels, before reaching the 2021

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