EUR/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A stab to a two-month low of 128.01 was a starting point for the channel up pattern shaped by EUR/JPY. Currently the pair is regaining strength after a retreat from almost a four-month high of 133.35 hit on September 11. Market players believe the currency pair has a bullish potential, with 53.68% of all orders being placed to buy EUR/JPY. A confirmation of the traders' outlook would be a jump above a recent high of 133.35 that now acts as a strong resistance lying slightly below another hindrance at 133.48 (daily R1). If the pair overcomes this region, the level of 133.84 (pattern's resistance) will be regarded as the last defense against a bullish breakout that may galvanize a sharp rally of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 19 Sep 2013 06:57:23 GMT

AUD/CHF 4H Chart: Ascending Triangle

The pair experienced a depreciation after touching a six-month high of 0.9979 on March 28. The downward trend lasted until the currency couple plunged to a one-year low of 0.8179 on August 28, the move which was within the ascending triangle pattern started on August 15. AUD/CHF has recently broken through the lower-boundary of the pattern and is trading slightly

Wed, 18 Sep 2013 14:40:53 GMT

USD/JPY 4H Chart: Channel Up

Pair has been appreciating since the beginning of August. Prior to that pair depreciated by 580 pips in the course of a month. It has recovered most of it by now. From the recent development we can see that 200-bar SMA seems to providing support for the pair and pair should touch it once again when approaching pattern's support.  Probability

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.