GBP/USD reaches 1.3600 mark

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


The rate has approached the resistance zone of the December high levels. In the case of this zone being passed, the GBP/USD could reach for the weekly R1 simple pivot point at 1.3734. However, prior to reaching this level, the rate could face the resistance of the 1.3650 and 1.3700 levels.

On the other hand, in the case of the resistance holding, the pair should either trade sideways or retrace back to the support of the 55, 100 and 200- hour simple moving averages.

In the meantime, take into account the supporting trend line, which is drawn by connecting the December 21 and 28 low levels.
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Wed, 30 Dec 2020 17:29:19 GMT

Gold remains above SMA

Monday's, December 28, forecast had not changed, as the metal remained impacted by the same support level of the 200-hour SMA and still faced the resistance zone that surrounds the 1,900.00 level. The metal's price is expected to once again test the resistance of the 1,895.00/1,907.00 zone. In the case of this resistance failing, the pair would find resistance in

Wed, 30 Dec 2020 16:20:57 GMT

EUR/USD breaks all resistance

After breaking all of the resistance near the 1.2260 level at midnight to Wednesday, the rate was heading to the resistance of the 1.2323 level, where the weekly R2 simple pivot point was located. In the case of the pivot point failing to provide resistance, the pair could reach for the weekly R3 at 1.2389 and afterwards, the 1.2400 round

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