USD/CAD reaches January low levels

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


On Monday morning, the USD/CAD reached the January low level zone at 1.2610/1.2620.

If the currency exchange rate finds support and recovers from the January low levels, it could find resistance in the 1.2668/1.2677 zone. Above the zone, the weekly simple pivot point and the 50-hour simple moving average are strengthening the 1.2700 mark.

On the other hand, a decline below the January low level zone might find support in the 1.2600 mark. Afterwards, the weekly S1 simple pivot point at 1.2581 might stop a decline.
Back to articles

Actual Topics

Mon, 10 Jan 2022 14:06:42 GMT

EUR/USD breaks triangle patter

The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate started a decline. By the middle of Monday's European trading hours, the rate had returned to the 1.1300 mark. A further decline of the Euro

Mon, 10 Jan 2022 10:50:07 GMT

GBP/JPY continues to surge

On Monday morning, the GBP/JPY currency exchange rate reached the 157.40 mark. The 157.40 mark provided enough resistance of the pair to decline to the 50-hour simple moving average near 157.00. If the price declines below the 157.00 mark, the GBP/JPY might reach the weekly simple pivot point at 156.61. Below the pivot point, the rate could look for support in

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.