EUR/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The single currency has been appreciating versus the Japanese Yen during last 225 hours, vacillating between two steep upward sloping and gradually converging lines. The pair once breached the pattern's support and plunged to the 200-hour SMA that mollified selling pressure and helped the pair come back to the area bounded by the rising wedge pattern's trend lines. At the moment of writing, the pair was faltering near the lower limit of the pattern and given that the convergence point of the pattern limits is close, the breakout may occur before long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 22 Nov 2013 07:15:09 GMT

EUR/USD 1H Chart: Channel Down

EUR/USD witnessed a sharp decline after it hit a three-week high on November 20. A day before the pair reached this peak, it had commenced a formation of the channel down pattern that put heavy downside pressure on the most traded currency couple. At the moment of writing, selling pressure seemed to start abating thus allowing the pair to near

Fri, 22 Nov 2013 07:14:51 GMT

USD/DKK 1H Chart: Channel Up

After USD/DKK touched a three-week low on November 20, it reversed its trend and started to form a channel up pattern that was 58-bar long when the pair approached the lower trend line. The pair was trying to penetrate this level at the moment of writing and was expected to overcome the pattern's support given a strong bearish sentiment on

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.