HKD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
HKD/JPY currency pair has rocketed on October 25 and since then has been moving to the north only and has already moved more than 10,000 pips higher. On Friday there has been an attempt to penetrate the support line, however, bears were not strong enough and the has bounced back to 13.480. At the time being, aggregate technical indicators on three different timeframes are univocal and sending "buy" signals, pointing at further Yen's depreciation. Additionally, traders do not expect any changes in the trend, as 72% of them are opening long positions. Therefore, the outlook for the pair is bullish, and long traders can focus on a recent high and daily R1 at 13.5507.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Jan 2014 07:35:24 GMT

GBP/USD 4H Chart: Rising Wedge

Having reached a five-year high of 1.6607, the national currency of the UK plunged against its U.S. peer and even broke through the lower limit of the rising wedge pattern that restricted the pair's moves during more than two months. However, it may be too early to talk about the breakout since the currency couple managed to use its

Fri, 10 Jan 2014 14:51:56 GMT

EUR/NOK 1H Chart: Rectangle

The Euro– Norwegian Krone cross has been moving sideways since late December, and it seems that the tendency will persist for some time before the pair will be able to push above or below any of the trend lines. Nonetheless, a move below the 200-period SMA seems probable, as aggregate technical indicators are either neutral or sending "sell" signals, while

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.