EUR/USD breaks pattern

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


Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950.

A decline of the Euro against the US Dollar could look for support in the 0.9900 mark and the 200-hour simple moving average. Further below take into account the support zones near 0.9800 and 0.9700.

On the other hand, a potential recovery might encounter resistance in the 1.0000 level, before approaching 1.0050 and 1.0100 resistance levels.
Back to articles

Actual Topics

Fri, 28 Oct 2022 11:54:11 GMT

GBP/USD breaks pattern and declines

The GBP/USD has passed below the combined support of the lower trend line of a channel up pattern, the 1.1550 level and the 50-hour simple moving average. In the near term future, the pair is expected to find support and resistance in round exchange rate levels. A continuation of the decline might find support in the 1.1500 mark and the 100-hour

Thu, 27 Oct 2022 14:57:45 GMT

Gold declines to 1,655.00

In general, the price for gold has been almost flat. On Thursday, the price descended below the 50-hour simple moving average and touched the 1,655.00 level. If the price for gold continues to decline, the 1,655.00 level and the 100-hour simple moving average are the first levels, which could act as support. Further below, the 1,650.00 mark is being strengthened by

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.