USD/JPY 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/JPY was faltering between two gradually converging lines during more than three months. After the weekend, the currency couple opened outside the pattern, below the lower boundary, implying that a sharp depreciation is possible. Technical indicators also are hinting at a weakness in the nearest term. The confirmation of this will be a dive under the daily pivot point at 97.80 that may foster a further drop to the zone of support lines at 97.67/41 (daily S1, S2, S3; four-hour S2, S3). However, market participants expect the pair to change its direction to the north as 68.84% of all orders are placed to buy USD/JPY.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 30 Sep 2013 12:29:36 GMT

EUR/DKK 1D Chart: Triangle

Pair has been trading around it's 200-day SMA since the February, 2013. Before that we can see a 350 pip rally in the course of a half a year or so. It seem that Fibonacci retracements of this move still have noticeable impact on the pair—38.2% retracement is where the pair tested pattern's resistance for the first time and kept

Mon, 30 Sep 2013 07:36:47 GMT

USD/SGD 1H Chart: Ascending Triangle

A stab to a three-month low was the starting point of the ascending triangle pattern that sent USD/SGD to a two-week high. At the moment, the pair is vacillating above the pattern's upper-limit close the two-week high. According to the SWFX data, traders sentiment is mixed about the future movement of the pair, being bearish and bullish in 50% of

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.