EUR/GBP 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro/Pound currency cross has approached a very important decision point, which will determine its future development. Since last days of December the pair was trading inside the triangle pattern, implying that the trading range was narrowing all the time. At the moment the Euro is already developing  just outside the figure, but no major moves are taking place. Taking into account a dense demand area from the downside, we suggest the single currency will appreciate versus the British pound. Moreover, short and medium-term technical studies are giving strong "buy" signals. However, SWFX traders decided to stay bearish, as short opened positions account for 64%.
© Dukascopy Bank SA
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Tue, 06 Jan 2015 14:54:04 GMT

USD/JPY 4H Chart: Double Top

After a period of strong US dollar's appreciation against the Japanese yen, the currency pair took a pause and is trading sideways since the middle of November. As a result, the double top pattern emerged on a four-hour chart. The pair is still trading above the valley between two tops and below any of these highs. There is a possibility

Tue, 06 Jan 2015 06:32:03 GMT

USD/TRY 4H Chart: Channel Up

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