USD/CAD finds resistance in moving average

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


The USD/CAD found resistance in the 100-hour simple moving average at mid-day on Thursday. The resistance was enough to push the rate to resume its sideways trading in the 1.2850/1.2900 range.

An extension of the ongoing decline would have to pass the 1.2850 level, before reaching the support of the 1.2820/1.2835 zone. The zone captures the late June and early July low levels.

However, a surge above the 1.2900 mark and the 100-hour simple moving average, prior to approaching the resistance of the 1.2950 level and the 200-hour simple moving average near 1.2970.
Back to articles

Actual Topics

Mon, 25 Jul 2022 07:00:00 GMT

EUR/USD trades around 1.0200

Throughout Friday, the EUR/USD fluctuated between the 1.0150 and 1.2050 levels, despite shortly piercing them. On Monday morning, the pair was trading near the 1.0200 level. In the meantime, it was spotted that the rate was not being impacted by the weekly simple pivot point at 1.0190 and the 50 and 100-hour simple moving averages. If the pair declines

Fri, 22 Jul 2022 12:51:01 GMT

GBP/JPY plummets and breaks pattern

The sideways trading of the GBP/JPY pair has ended with a decline below one support after another. Eventually, the 165.00 level, the lower trend line of a channel up pattern and the 200-hour SMA together with the 164.50 level were passed. By the middle of Friday's trading, the pair had already reached the 163.50 level. If the decline of the Pound

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.