EUR/USD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After two consecutive weeks of hovering around 1.14 level along with narrowing trading range, the Euro/Dollar cross has formed a triangle pattern on 1H chart. Moreover, the pair is still trading inside two boundaries of the pattern, while the break-out is expected to take place very soon. Being that there were two attempts to cross the pattern's resistance, we assume that a bullish outcome is more likely than bearish one. At the same time, neither technical indicators nor market participants are supporting any case for the EUR/USD at the moment. The former are neutral on all time-frames, while bears' advantage over bulls is negligibly small (51% vs 49%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 19 Feb 2015 14:14:03 GMT

USD/JPY 4H Chart: Broadening Rising Wedge

Two days ago, the US Dollar tried to bounce off the lower trend-line of the current rising wedge pattern, but the currency was eventually stopped by the weekly pivot point. Following that, USD/JPY returned back toward pattern's support, but 100 and 200-period SMAs are expected to provide the pair with some strong bullish momentum in the foreseeable future. Therefore, the

Thu, 19 Feb 2015 07:12:24 GMT

AUD/NZD 4H Chart: Falling Wedge

Considering the current conditions in the market, AUD/NZD appears to be in a good position to negate the losses incurred starting from late January. The selling pressure is weakening, as pointed out by contracting trading range and falling trading volumes. A breach of the resistance trend-line (currently at 1.0350) will confirm bullish intentions of the Aussie. The potential targets will

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.