EUR/SEK 1D Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Judging by EUR/SEK's behaviour over the past year, it becomes evident that the currency pair has been trading in a rising wedge pattern. Since mid-January of 2013 the trading range of the exchange rate has been narrowing, while the Euro was appreciating relative to the Swedish Krona. EUR is therefore inclined to fall precipitously once the up-trend support gives in. At the moment the price is testing the lower boundary of the figure at 8.8630. If this support is breached, the decline is likely to aim for 8.7499—the current location of the monthly S1 and the 200-day SMA. The next target could be 8.6467, which is the monthly S2 level and also designates one of the recent lows.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Jan 2014 11:49:17 GMT

GBP/USD 4H Chart: Channel Up

While in the long-term perspective it could be argued that GBP/USD is forming a rising wedge pattern (especially on the daily chart), as discussed today in the morning, it looks as if the currency pair has been trading between two parallel trend-lines since last year's December.In order to confirm its bullish intentions the Sterling will have to bounce off the

Mon, 13 Jan 2014 08:28:08 GMT

GBP/CAD 1H Chart: Channel Up

The British Pound performed a sharp appreciation against the Canadian currency in early January; however, the advance was paused several hours earlier when the pair touched a five-year high of 1.8032 that lies on the upper boundary of the 104-bar long channel up pattern. In the hours to come GBP/CAD is likely to restart its climb as 68.25% of traders

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.