USD/NOK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since Christmas USD/NOK has been trapped by two upward sloping lines that have locked the pair in a wide range of more than a thousand pips. The pair has been vacillating in the corridor for more than 364 hours already and is likely to remain within the boundaries of the channel up pattern in the foreseeable future since market players are bullish on the pair; about 58% of them hold long positions. Technical data also verifies this view, with indicators sending bullish signals for the medium-term.
© Dukascopy Bank SA
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Fri, 17 Jan 2014 07:31:20 GMT

EUR/USD 1H Chart: Channel Up

The most traded currency pair unremittingly strives to recover losses after a plunge from a two-year high of 1.3895 in late December. The rise has been performed within a channel up pattern that has been helping the pair not to fall below its lower limit but at the same time has been blocking jumps above its upper boundary. At the

Fri, 17 Jan 2014 07:30:56 GMT

USD/CHF 1H Chart: Double Top

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