USD/PLN 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A drop to almost a one-year low on October 22 gave USD/PLN an impulse to climb. The pair took advantage of this upward pressure and commenced a sharp appreciation that has lasted for almost two weeks already. However, a formation of the channel up pattern started later, only on November 5. Now the pattern represents a particular interest as the pair breached the lower limit three hours ago that may be a signal that a bearish breakout occurred, meaning that a decline may be in place before long. Market sentiment supports this, with 66.67% of market participants being bearish on the pair.
© Dukascopy Bank SA
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Wed, 13 Nov 2013 07:05:32 GMT

EUR/DKK 4H Chart: Channel Down

The single currency has been gradually declining against the Danish Krone since October 17. The pair formed a channel down pattern and now it trading within its boundaries being trapped by short and long term SMAs. 200-bar SMA is meandering above the pair, acting as a formidable resistance, whereas 50-bar SMA is lying below EUR/DKK, being a strong support. Market

Wed, 13 Nov 2013 07:05:04 GMT

AUD/USD 1H Chart: Channel Down

Having approached more than a half-year high, AUD/USD has become a subject to a bearish pressure that prevented any upside moves. In the very beginning of November, the pair attempted to recover but after a slight gain the pair started even sharper decline, forming a channel down pattern. At the moment of writing, the currency pair is vacillating close to

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