USD/CAD finds support in trend line

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


On Monday, the resistance of the 1.2400 held and caused a decline of the USD/CAD. However, during the mid-day hours of the day the rate found support in the ascending trend line of the October 27 and 29 low levels. The trend line provided enough support for a follow up surge to pass the 1.2400 mark.

If the surge of USD/CAD continues, it could aim at the late October high level at 1.2430. A passing of this resistance might result in a test of the weekly R1 simple pivot point at 1.2442.

Meanwhile, a decline of the pair could look for support in the 55-hour SMA at 1.2380, the weekly simple pivot point at 1.2371, the 200-hour SMA at 1.2370 and the supporting trend line of the recent low levels.
Back to articles

Actual Topics

Tue, 02 Nov 2021 13:28:31 GMT

EUR/USD finds resistance in SMAs

The recovery of the EUR/USD has reached the resistance of the technical levels that are spread out from 1.1597 to 1.1616. At mid-day on Tuesday, the rate was finding resistance in the 100-hour simple moving average at 1.1610. If the EUR/USD passes the resistance of the 100-hour SMA, it would immediately face the resistance of the 200-hour SMA at 1.1616.

Tue, 02 Nov 2021 11:44:27 GMT

GBP/JPY breaks pattern

On Tuesday morning, the GBP/JPY currency exchange rate passed below the lower trend line of the channel down pattern, which guided the rate throughout the second part of October. If the breaking of the pattern would be followed up by a decline, the rate could look for support in the 154.50 level and the weekly S2 simple pivot point at 154.41. However,

Tue, 02 Nov 2021 11:17:21 GMT

AUD/USD drops due to central bank

On November 2, the Reserve Bank of Australia published its Rate Statement. On the announcement, at 03:30 GMT, the AUD/USD increased volatility by bouncing around in a 28 pip range before declining 34 base points. During the seven hours following the announcement, the rate had already lost 64 base points. At mid-day on Tuesday, the currency exchange rate's decline had paused

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.