EUR/SEK 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 75-bar long channel up pattern was formed by EUR/SEK on February 7, when the pair failed to move above 8.8694 and pulled back to a weekly S2 at 8.7476. At the moment of writing the pair was trading at 8.9350, practically at the same level with pattern's support. The pair can be highly volatile soon as it is bounded not only by the lower boundary, but also by a weekly pivot. Vast majority (58.77%) of traders are selling the single currency among other currencies, while more than 65% of them a holding short positions on the pair, meaning the expect a move to a recent low and daily S1 at 8.9151. In case it is breached, 8.8990 will be put on the map.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 26 Feb 2014 12:35:04 GMT

GBP/CAD 4H Chart: Channel Up

Although the upward momentum of GBP/CAD has been weakening lately, the currency pair still remains bullish and is likely to preserve this tendency in the future. However, there are significant downside risks in the near term, being that the Great Britain Pound has just encountered the upper boundary of the corridor and is therefore poised for a decline. Once the

Wed, 26 Feb 2014 12:30:02 GMT

GBP/JPY 4H Chart: Ascending Triangle

As usual ascending triangles can be highly profitable for traders in a short period time. All they have to do is wait until the price reaches pattern's apex point. In our case the GBP/JPY currency pair will reach the apex point, where both trend lines converge, on February 28. Despite the fact the pair is already trading below the lower

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.