GBP/USD reaches 1.3350

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


Despite the decline that was caused by the UK PMI release, the rate has found support in the 1.3250 level and the 100-hour simple moving average. The event was followed by a recovery of the rate and eventually the booking of a new high level near 1.3350. In the meantime, a channel up pattern has been spotted that has been guiding the rate since September 11.

A continuation of the ongoing surge is set to be slowed down by the upper trend line of the channel up pattern. Afterwards, the rate will face the weekly R1 simple pivot point and the 1.3400 mark. Higher above, note the 1.3450 level, the weekly R2 simple pivot point at 1.3481 and the 1.3500 mark.

In the case of a decline of the Pound against the US Dollar, the currency pair is expected to look for support in the 1.3300 mark and the 50-hour simple moving average. Further below, note the lower trend line of the channel pattern. If the trend line and with it, the pattern, are broken, the pair will look for support in the weekly simple pivot point at 1.3258 and the 100-hour simple moving average.
Back to articles

Actual Topics

Mon, 23 Sep 2024 17:41:08 GMT

USD/JPY encounters resistance at 144.50

The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support. An extension of the short term decline could look for support in the 100-hour simple moving average and the 143.00

Mon, 23 Sep 2024 17:01:26 GMT

EUR/USD remains near 1.1100

Despite the publication of the European PMIs and sharp decline, the EUR/USD currency pair remains near the 1.1150 mark. In general, the rate still respects the resistance of 1.1200 and the support range near 1.1080. A recovery of the Euro against the US Dollar might be slowed down by the weekly simple pivot point at 1.1140 and the 100-hour simple

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.