EUR/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/USD is poised to decline in the coming days. Although the technical indicators are mixed, there are two falling resistance trend-lines that are highly unlikely to let the bulls to take control of the pair. The immediate supply is supposed to be at 1.1333, where the upper edge of the patter merges with the weekly PP. If the Euro escapes the boundaries of the channel, there is an even stronger resistance zone around 1.1468, where the monthly S3 coincides with the two-month down-trend. Accordingly, the base case scenario is a sell-off down to 1.08, where the pair will meet the 12-year low, with a possibility of short-term rallies at 1.11 (Jan 25 low) and at 1.0987 (weekly S1).
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 29 Jan 2015 07:00:39 GMT

AUD/JPY 4H Chart: Falling Wedge

The Australian Dollar has been depreciating since last year's November, but there are signs the currency will no longer underperform the Japanese Yen. AUD/JPY is currently forming a falling wedge, a pattern that portends a reversal of a bearish trend. The case is hardened by the Aussie facing a dense demand area around 92.00, created by the Oct low, down-trend,

Wed, 28 Jan 2015 14:20:05 GMT

NZD/JPY 4H Chart: Channel Down

Despite the fact that the Kiwi/Yen cross formed the same pattern as the previous currency pair, bearish sentiment on it for the medium-term seems to be more pronounced. For the time being as many as 74.05% of all SWFX market participants are holding short positions on the New Zealand Dollar, while assuming the Yen is going to appreciate. Moreover, daily

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.