EUR/USD recovery continues

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


Support was found in the weekly simple pivot point at 1.0592 on Tuesday morning. Meanwhile, additional pressure was provided by the 50, 100 and 200-hour simple moving averages. By mid-Tuesday's European trading, the rate had reached above the 1.0640 level and the weekly R1 simple pivot point at 1.0662.

Next resistance for the pair is set to be encountered near the 1.0700 mark. This level reversed the pair's last week attempt to surge.

Meanwhile, a decline of the EUR/USD is expected to look for support in the 1.0640 and 1.0620 levels, before approaching the combination of the weekly simple pivot point and the three hourly moving averages near 1.0590.
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Tue, 31 Oct 2023 12:35:19 GMT

GBP/USD respects 1.2200 level

The currency pair has managed to reach above the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2159. At mid-day on Tuesday, the rate respected the resistance of the 1.2200 mark. Higher above, note that the 1.2220 level has shown itself as resistance and support. Above 1.2200, the weekly R1 could provide resistance at

Mon, 30 Oct 2023 16:30:34 GMT

Gold breaks triangle

The price for gold has passed above the resistance zone of the triangle pattern and the 2,000.00 mark. However, instead of surging the commodity price has retraced down to the 1,990.30/1,997.15 zone and the 50-hour simple moving average. In the meantime, the commodity was being approached by the additional support of the 100-hour simple moving average and the supporting

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