EUR/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Euro– Japanese Yen cross has been appreciating for several months, as the Yen is still losing ground against its major peers after BoJ's stimulus announcement in April. In addition to that, the pair is likely to continue appreciating even despite it seems to be overbought already. This idea is supported by aggregate technical indicators on hourly and 4H charts. However, even in case of a retracement, the pair likely to face a difficulties around 130, where currently strands 200-bar SMA, and according to the latest performance, it is a key support level in a shorter term. Meaning all previously said, the outlook for the pair is bullish.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 23 Aug 2013 14:00:20 GMT

EUR/SEK 1H Chart: Channel Up

Pair has recently bounced from the pattern's support, but recovery is much more volatile than anticipated. Especially taking in to account that the pairs 1100 pip move from the pattern's resistance to the support took 4 hours. It might be that some bears are trying to trade on the momentum and bulls perceive the pair highly undervalued. Such uncertainty is

Fri, 23 Aug 2013 13:11:24 GMT

USD/CHF 4H Chart: Descending Triangle

A rare descending triangle pattern was formed by one of the most traded currency pairs on May 22 and it seems that the pattern is moving to its apex. The reason for such a suggestion is that both trend line will converge on September 9, while the trading range is narrowing rapidly, reinforcing a view of the upcoming breakout. The

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.