USD/SEK 4H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar has outperformed the Swedish currency for most of this year, as since March the pair has been on a more or less constant up-trend. During this period many patterns have formed; however, currently we are seeing a broadening rising wedge pattern.
At the moment, USD/SEK has reached the highest trading level this year, also the highest level since September 2010. That, of course, might suggest that the pair is overbought for the time being. And according to the SWFX market participants that is what is happening in the market, as an overwhelming majority (73%) of them have shorted the pair, expecting for a bearish correction.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 30 Oct 2014 14:44:04 GMT

USD/PLN 4H Chart: Channel Up

After touching the lower boundary at 3.2648 last time on October 15, the pair refused to grow immediately and decided to hover in the lower half of the channel between two trend-lines. Right now it is limited by a significant resistance line at 3.3613 (weekly and monthly R1). Technical indicators on the short-term time-frame suggest the US Dollar to start

Thu, 30 Oct 2014 08:41:41 GMT

GBP/AUD 1H Chart: Channel Down

After reaching the highest level since March on 1st of October at 1.8686, the GBP/AUD cross started to decline. Moreover, recently the pair has formed a bearish channel. Currently, the Pound is appreciating towards the upper trend line, that is located at 1.8278, of the pattern. Despite the hourly technical studies being strongly bullish, we stick more to the longer term

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.