EUR/DKK 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The high-quality descending triangle pattern of the EUR/DKK currency pair is approaching the final stage of its development. As soon as in couple of upcoming hours the single currency will break one of the trend-lines. Technical studies assume bearish scenario for the currency cross on medium-term time-frame, while other ones are mostly neutral. Still, before commencing the break-out to the south, the pair has to cross an important support level around 7.4440 (100 and 55-period SMAs; weekly S1), while way to the upside remains open. SWFX traders, in turn, believe in positive development of the Euro, as 74% of all positions are long for the time being.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 09 Oct 2014 07:54:07 GMT

EUR/GBP 1H Chart: Broadening Rising Wedge

After a correction at the beginning of October, the EUR/GBP cross found a support slightly above the 0.78 level. Since then the pair has formed a broadening rising wedge pattern and reached 0.79 mark. Recently, the major level at 0.79 was approached; however, since then the pair has declined. At the time, when the mark was touched, the Euro was not

Wed, 08 Oct 2014 13:32:06 GMT

CAD/HKD 1H Chart: Channel Down

Following successful bounce back from the upper-boundary of the channel down, the currency pair started trading sideways along the upper boundary, taking into account rather small slope of the trend-line. Still, the Canadian Dollar has a good potential to decline value, even though from the downside it is limited by considerable support level at 6.93 (weekly pivot point; major level

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.