USD/JPY 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A triangle pattern formed by USD/JPY started on June 13 when the U.S. Dollar tumbled to a two-month low against its Japanese counterpart. On September 27, the pair broke through the lower boundary of the triangle thus determining its further movement; a bearish breakout from the triangle pattern usually results in an acute decline of the pair. Technical indicators also add to signs of a looming tumble, calling for a decline in the short– and medium-term. Nevertheless, 65.45% of opened orders are to buy the pair, suggesting that traders expect the pair to advance.
© Dukascopy Bank SA
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Thu, 03 Oct 2013 06:02:28 GMT

EUR/JPY 1H Chart: Channel Down

After hitting more than a one-year high of 133.91, EUR/JPY commenced to decline; however, the channel down pattern started being formed only on September 26 when the 50-hour SMA fell below 200-hour SMA. The currency pair was erratic, fluctuating in a 250-pip wide range. Currently, the Euro is struggling at its 200-hour SMA at 132.93 and may overcome this

Wed, 02 Oct 2013 15:17:31 GMT

EUR/CHF 4H Chart: Channel Down

A rather short, only 54 bar long, channel down was formed by EUR/CHF, however, it may a beginning of a new strong downtrend, as after a period of consolidation between 1.243 and 1.226, the pair has finally moved further. Another sign of the movement to the south, is signals, sent by aggregate technical indicators, which are sending either neutral or

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