EUR/USD faces no resistance

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


At mid-day on Friday, the EUR/USD passed the resistance zone above the 1.1860 level and the 200-hour simple moving average. By doing so the rate passed the last technical resistance up to the 1.1923 level where the weekly R1 simple pivot point is located at.

In theory, the currency exchange rate should surge up to the weekly R1 simple pivot point at 1.1923. However, note that the rate could find resistance in the round level of 1.1900.

On the other hand, a potential decline would find support in the weekly simple pivot point at 1.1852 and the 55 and 200-hour simple moving averages near the 1.1850 mark.
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Mon, 12 Jul 2021 08:59:51 GMT

GBP/USD finds resistance near 1.3900

During the early hours of this week's trading, the GBP/USD currency exchange rate bounced off the resistance of a zone that surround the 1.3900 level. By the middle of Monday's trading, the rate was expected to look for support near the 1.3850 level. Near the 1.3850 level, the rate could find support in the weekly simple pivot point at 1.3853 and

Mon, 12 Jul 2021 06:54:15 GMT

USD/CAD decline likely to continue

Bearish sentiment dominated the USD/CAD currency pair on Friday. As a result, the US Dollar fell by 111 pips or 0.88% against the Canadian Dollar during Friday's trading session.

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