Copper approaches support line

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


At the start of December, the price for copper bounced off the support of the November low level and reached the resistance of the 50-day simple moving average. The SMA managed to force the pair into a decline, which in the near term future might reach the lower trend line of a large scale channel up pattern.

If the lower trend line of the channel up pattern provides enough support for a recovery, the price might find resistance in the 200-day simple moving average at 4.3420 and the 50-day simple moving average at 4.3990. Above the SMAs, the November and December high zone might stop a surge at 4.4913/4.5144.

On the other hand, a move below the trend line could find support in the November and December low level zone at 4.1937/4.2100. Further below, round price levels like the 4.1500, 4.1000 and 4.0500 might act as support levels.
Back to articles

Actual Topics

Tue, 14 Dec 2021 09:58:26 GMT

Ethereum approaches trend line

Since June, the price for Ethereum has been surging in a wide channel up pattern. The chart pattern can be drawn by connecting the September 2 and November 10 high levels and setting a parallel line at the July 20 low level. Most recently, the price of the cryptocurrency declined. On December 14, the ETH/USD pair appeared to be set

Fri, 10 Dec 2021 10:36:07 GMT

EOS bounces off resistance line

The price for EOS has bounced off the trend line, which connects the November and December high levels. On December 10, the EOS/USD rate reached the summer low level at 3.1622. The 3.1622 level appears to have provided both support and resistance in the aftermath of the December 4 crypto flash crash. If the price reaches below the 3.1622 level, it

Fri, 10 Dec 2021 10:04:44 GMT

Stellar finds resistance in SMA

At the start of December, the price for Stellar found support in the lower trend line of the channel down pattern, which has guided the XLM/USD rate since the start of November. The following surge reached the resistance of the 50-four hour period simple moving average. The SMA provided enough resistance for a decline to begin. If the pair continues

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.