EUR/SEK 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/SEK currency pair has been trading inside the symmetrical triangle since the end of July and now it has reached the triangle's apex. It seems that we might see a upward break-out towards the major level at 0.93. This scenario is supported by the majority of the weekly technical indicators that are largely bullish. However, if the resistance lines (monthly PP and weekly R1) at 0.92555/59 remains intact then that could drag the pair lower. For matter of fact, this scenario is rather likely to happen as the pair's sentiment is strongly bearish, with 71.07% of the market participants expecting the Euro to underperform relative to the Swedish currency.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 08 Aug 2014 13:16:10 GMT

CHF/JPY 4H Chart: Channel Down

CHF/JPY seems to be trading within a bearish channel right now. The bias to the downside is also reinforced by the technical indicators, especially on the four-hour and weekly time-frames.However, the upside risks are increasing and will peak at 111.50, since the currency pair has nearly completed yet another leg down and is approaching the lower boundary of the pattern.

Fri, 08 Aug 2014 07:55:06 GMT

AUD/USD 1H Chart: Channel Down

This channel down pattern started to form at the second part of July and it has lost more than 200 pips from its peak on 24th of July at 0.9473. However, at the moment of writing AUD/USD is hovering close to the down-trend support line at 0.9225.

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.