EUR/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The pair of two European currencies, EUR/PLN, followed a bearish trend after it hit a one-month high of 4.2268 late April. In mid-May, the downswing became more distinct as the currency couple entered a downward-sloping channel.
At the moment, the corridor is 179-bar long and there are no indications that EUR/PLN is willing to stop its losing streak. The pair is sitting slightly above a four-month low of 4.1508 but is likely to dive below this line given that despite neutral SWFX sentiment, technical data is sending clear ‘sell' signals for short, medium and long terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 29 May 2014 06:45:12 GMT

USD/SEK 4H Chart: Rising Wedge

A sharp advance performed by USD/SEK took the pair to a six-month high of 6.6539 during three weeks started early May when the instrument embarked upon formation of the 87-bar long rising wedge pattern. To continue its bullish trend in future, the currency pair has not only to re-approach the recent high but also to surpass this mark, above which it

Thu, 29 May 2014 06:45:07 GMT

EUR/NOK 4H Chart: Triangle

EUR/NOK has been in the down-trend since early February when it re-approached a two-year high of 8.5492. One of the formations developed during this slide is a 98-bar long triangle pattern started in the beginning of May. The pair has recently reached the apex but the breakout is yet to come. Bearish market sentiment – 83% of traders hold short positions

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.