USD/NOK 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The U.S Dollar– Norwegian Krone cross will be highly attractive for traders soon, as pair has reached an apex point– where pattern's resistance and support line crossing each other. Recently, the pair has breached pattern's lower boundary already, and while a majority of technical indicators are sending "buy" signals, pair's depreciation is expected. Vast majority (74%) of traders are holding short positions on the pair, and therefore, the next support level is a recent low and a daily pivot at 6.1786. In case it is breached, next key level is located at a weekly support at 6.1639. As an alternative scenario, a move above pattern's resistance will put 6.2081 on the map.
© Dukascopy Bank SA
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Wed, 22 Jan 2014 06:57:36 GMT

USD/PLN 1H Chart: Ascending Triangle

For almost 400 hours USD/PLN has been bound by the trend-lines of the ascending triangle pattern that started when the pair plunged to a two-year low of 2.9885 in late December. Six hours ago USD/PLN breached the lower boundary of the pattern but later it bounced off its 50-hour SMA and now it may even try to re-enter the triangle

Tue, 21 Jan 2014 15:12:14 GMT

EUR/CAD 1H Chart: Channel Up

A 291-bar long channel up was formed by EUR/CAD on the first day of this year. It is rather interesting to monitor pair's future performance, as close to 1.50 the pair rejected almost immediately and moves lower, while pattern's support together with 200-hour SMA represent a strong support level. Nevertheless, technical indicators are either neutral or sending "buy" signals, supporting

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