USD/NOK 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having reached a four-year high of 6.3146 early February, the U.S. Dollar commenced a retreat against the Norwegian Krone. A decline was steep, pushing the pair to a six-month low of 5.9542 during less than a month. However, the drop may be halted in the days to come as the pair managed to regain strength after diving below the lower trend-line of a 98-bar long descending triangle pattern. Besides, the pair has recently broken the resistance of the pattern that may mean that bullish breakout has happened and the pair may enjoy a sharp rally in the hours to come.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Mar 2014 12:49:29 GMT

AUD/NZD 4H Chart: Channel Down

AUD/NZD resumed the decline early February after a slightly more than four-figure bullish correction in the overall bearish market. Considering that the currency pair has formed a channel down pattern as a result, the sell-off is likely here to stay. This view is also supported by the technical indicators on all presented time-frames—most of them are currently giving ‘sell' signals.However,

Wed, 12 Mar 2014 09:19:36 GMT

USD/SGD 1H Chart: Triangle

A 247-bar long triangle shaped by USD/SGD in the last days of February and first weeks of March is on the verge of being broken through. The currency couple approached the upper limit several hours earlier and given bullishness on the market as well as proximity of the apex that is likely to be reached on March 13, we may

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.