GBP/USD hits new low level

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


The decline of the Pound against the US Dollar has reached the 1.1450 level. The pair has been declining in a set way. A new round low level is reached, the pair then retraces back above the previous round level, prior to reaching a new low level. For example, GBP/USD reached 1.1500, recovered above 1.1550 and then reached the 1.1450 level.

In theory, the pair might now retrace back above 1.1500, where it could encounter resistance in the 50-hour simple moving average or the 1.1550 mark. Afterwards, a resumption of the decline would have to pass the weekly S1 simple pivot point at 1.1411, before reaching the 1.1400 level.

On the other hand, a move above 1.1550 might signal that the decline is over. However, take into account the resistance of the weekly simple pivot point and the 100-hour simple moving average near 1.1585. Higher above, the 1.1600 and 1.1650 levels are expected to act as resistance.
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Mon, 05 Sep 2022 08:35:41 GMT

USD/JPY remains near 140.50

On Monday morning, the USD/JPY currency exchange rate remained near the 140.50 level. In general, the pair has been trading between the 140.00 and 140.80 levels since Friday. In the case of a surge, the pair would have to pass the Friday's high level at 140.80. Higher above the 141.00 mark and the weekly R1 simple pivot point at 141.44

Mon, 05 Sep 2022 07:50:29 GMT

EUR/USD passes support zone

On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882. A potential recovery of the Euro against the US Dollar might encounter resistance in the combination of the 50, 100 and

Fri, 02 Sep 2022 09:42:42 GMT

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On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00

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