EUR/USD passes resistance of SMAs

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


On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55, 100 and 200-hour simple moving averages and reached the 1.1850 level.

In the near term future, the currency exchange rate could test the resistance of the weekly simple pivot point at the 1.1858 level. Above this level, the pair could test the July and August high level zone near 1.1900.

On the other hand, a decline of the rate would look for support in the 100 and 200-hour simple moving averages near 1.1840. Afterwards, the 55-hour SMA at 1.1825 might also provide support. Below the SMAs, the weekly S1 simple pivot point at 1.1806 could once again support the EUR/USD.
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Fri, 10 Sep 2021 08:36:18 GMT

GBP/USD tests September high

The GBP/USD passed all technical resistance levels up to the September high level zone. On Friday morning, the rate was testing the resistance of the zone. Future forecasts depended on whether the resistance holds. In the case that the September high zone holds, a potential decline would aim at the weekly simple pivot point at 1.3833. Below the pivot point, the

Fri, 10 Sep 2021 06:42:00 GMT

USD/CAD tests channel pattern

On Thursday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.2629 during yesterday's trading session.

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