GBP/USD passes support zone

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


The GBP/USD has passed the support of the zone that kept it up since March 10. On Tuesday morning, the pair reached the support of the weekly S1 at 1.3813. In the meantime, it was spotted that the 55-hour SMA and the resistance of the weekly simple pivot point caused the most recent decline, which pushed through the mentioned support zone.

In regards to the near term future, the rate is highly likely going to consolidate by trading sideways above the weekly S1 simple pivot point or retracing back up until the hourly simple moving averages catch up with the rate.

Meanwhile, it was spotted on Tuesday that since March 11 the GBP/USD has been trading in the borders of a channel down pattern. In the case of the weekly S1 not holding, the rate could test the pattern's lower trend line near 1.3800.
Back to articles

Actual Topics

Tue, 16 Mar 2021 10:08:10 GMT

USD/JPY remains below resistance

Since early Monday's trading hours, the USD/JPY has been testing the resistance zone of the March high levels. However, the rate has been booking higher low levels after each failed attempt to pass the zone. In addition, the support of the 55-hour simple moving average was approaching the rate from below. In the case of the resistance zone failing, the pair

Tue, 16 Mar 2021 09:55:16 GMT

EUR/USD trades in 30 pip range

Since the middle of Monday's trading, the EUR/USD has traded sideways between the support of the 1.1910/1.1915 and the resistance of the 1,940.00 level. In addition, resistance was being provided by the 55 and 100-hour simple moving averages. In the near term future, the rate could be pushed through the support of the 1.1910/1.1915 zone by the resistance of the

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.