EUR/USD ignores technical levels

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


In the aftermath of breaking the channel up pattern on Friday, the EUR/USD has traded between the 1.1960 and 1.1910 levels. Meanwhile, the pair has by large ignored technical levels like the weekly simple pivot point and hourly simple moving averages.

If the rate manages to pass the support of the 1.1910 level, it would first look for support at 1.1900. Afterwards, the rate could reach for the weekly S1 simple pivot point at 1.1865.

On the other hand, if the 1.1960 level fails to provide resistance, the pair could test the previous week's high at 1.1990 and afterwards the 1.2000 mark.
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Mon, 15 Mar 2021 11:41:57 GMT

GBP/USD trades between SMAs

In the aftermath of breaking the channel up pattern on Friday, the GBP/USD declined to the support of the 1.3860 level. Afterwards the rate recovered to start trading sideways between the 55 and 200-hour simple moving averages. If the rate manages to pass the resistance of the 55-hour simple moving average, the pair could once again test the high level of

Mon, 15 Mar 2021 08:45:44 GMT

NZD/USD two scenarios likely

The New Zealand Dollar declined by 66 pips or 0.92% against the US Dollar on Friday. The decline was stopped by the lower line of an ascending channel pattern during Friday's trading session.

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