EUR/TRY 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
In the beginning of November EUR/TRY re-approached the highest level since at least 2009, even despite a formidable resistance lying on its way to the top. The resistance represents the upper-boundary of the triangle pattern formed by EUR/TRY on September 19. However, this breach of the pattern's resistance was a false breakout as the pair dived below this level seven bars later. Now the pair is trading not far away from the triangle apex, meaning that a real breakout is looming and the direction of the breakout is likely to determine the future trend of the instrument.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 08 Nov 2013 07:47:04 GMT

USD/CAD 4H Chart: Channel Up

A 183-bar long channel up pattern formed by USD/CAD started on September 19 when the pair hit almost a three-month low. Since then, the currency couple was on the upside and by the end of October recovered most of its losses, approaching a two-month high. Traders are not univocal on the perspectives of the pair, with the number of short

Fri, 08 Nov 2013 07:46:13 GMT

AUD/CHF 4H Chart: Rising Wedge

The Australian Dollar was weakening versus the Swiss Franc during almost six months until it reached a two-year low in the end of August. A drop to this level mollified selling pressure and helped the pair to commence a bullish trend; the pair shaped a rising wedge pattern. Currently, there are no indications pertinent to looming breakout. Market participants are

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.