USD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/JPY has been trading in an up-trend since Nov 7 and seems to be well-positioned to maintain the bullish direction. For the positive outlook to remain valid the lower boundary of the channel (currently at 102.71) has to stay intact and goad traders into buying the U.S. Dollar until the price reaches 105.19, passing through some of the intermediary resistances, such as 103.80 (weekly and daily R1) and 104.46 (weekly and daily R2). Otherwise we may expect a sell-off down to the 200-period SMA at 100.96, also the current level of the weekly S2. As for the sentiment, 57% of market participants bet on outperformance of the greenback.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 16 Dec 2013 08:42:28 GMT

USD/ZAR 4H Chart: Rising Wedge

The USD/ZAR has been tilted to upside since the second part of September as upbeat U.S. data has been pushing the greenback higher, whereas ongoing labour disputes at platinum mines have been weighing on the South African Rand. The upward trend has been developing within the boundaries of the rising wedge pattern that now is more than 312-bar long. Currently,

Fri, 13 Dec 2013 14:32:50 GMT

EUR/GBP 4H Chart: Rising Wedge

At first It might look as if EUR/GBP is trading within two parallel trend-lines. However, we should be aware of a possibility that the currency pair might be forming a rising wedge pattern that implies a completely different scenario from the one assumed by the bullish channel.Since the start of the pattern (Nov 29) the distance between the lines connecting

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.