ETH/USD breaks descending pattern

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


On February 7, the price for Ethereum broke the upper trend line of the channel down pattern, which had guided the cryptocurrency since the start of November.

If the ETH/USD pair continues to surge, it could test the resistance of the 50-day simple moving average near 3,180.00. Higher above, note the resistance zone of the high and low levels at 3,380.00/3,500.00. In the meantime, take into account the 200-day simple moving average near 3,565.00.

On the other hand, a decline of the pair might find support in the 3,000.00 mark, before September low level zone at 2,650.00/2,757.00. Further below, note the January low levels near 2,300.00
Back to articles

Actual Topics

Fri, 11 Feb 2022 10:35:47 GMT

Silver recovers in early February

The price for silver has experienced a recovery from the support zone of 21.50/22.00. On February 10, the commodity price had pierced the resistance of the 23.50 mark, before retracing to the support of the 50-day simple moving average. If the commodity price finds support in the 50-day SMA, it could surge first to the 24.00 mark and afterwards the

Thu, 10 Feb 2022 11:34:04 GMT

NZD/USD breaks long term pattern

At the end of January, the NZD/USD currency exchange rate broke the channel down pattern, which guided the rate down throughout 2021. Meanwhile, the pair has been declining since the start of November in a smaller channel down pattern. A continuation of the currency pair might look for support in the 0.6550 mark, which stopped the January decline.

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.