USD/NOK 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Considering that USD/NOK has formed a bullish channel, the US Dollar is likely to keep outperforming the Norwegian Krone in the foreseeable future. If there is a dip, the bears should be stopped before they cross support at 7.85. Additional demand areas are supposed to be 7.67 and at 7.53, whereas the 200-day SMA is at 7.20. At the same time, the target is the Mar high at 8.40, but advancement beyond this point is going to be difficult. The next resistance level is seen at 8.54, which played an important role both in 2000 and in 2001, though back then it acted as a floor. Still, the sentiment is clearly bullish, since 74% of all open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Apr 2015 12:56:05 GMT

EUR/CHF 1H Chart: Broadening Falling Wedge

Following some stabilisation of EUR/CHF currency pair in February, the Swiss Franc began appreciating again in March. As a result, a number of bearish channels have been created, and the latest one started emerging on Tuesday of last week. However, for now it seems that the Euro is likely to rebound moderately against the Swissie, at the least in the

Mon, 13 Apr 2015 07:02:05 GMT

GBP/NZD 1H Chart: Channel Down

Although the outlook for GBP/NZD is bearish, because of the downward-sloping channel, there are two major support levels the pair is currently facing that are capable of turning the trend around. This may explain why only one out of four traders is short the Sterling. The nearest potential floor is at 1.94, represented by the March lows, followed by a

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.