EUR/HKD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following short term weakness of the Euro versus the Hong Kong Dollar, this currency pair is starting to regain its bullish momentum, paving the way towards the upper boundary of the channel up pattern. It is worth pointing out that the majority of weekly and monthly technical levels are located outside the pattern's trend-lines, meaning that all moves of the Euro can be well-pronounced and confident. The closest resistance is located at 8.826 (weekly R1), which is instantly followed by the pattern's resistance line at 8.849. Despite positive (66%) SWFX sentiment, weekly technicals are bearish, meaning that a bounce back in the long run is not off the table.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 07 May 2015 06:06:44 GMT

EUR/USD 4H Chart: Channel Up

The outlook on EUR/USD is bullish, being that the currency pair has recently found solid support at 1.05 and has formed an upward-sloping channel. However, at the moment the Euro is facing significant downside risks. In order to confirm its intentions to move farther north, the price must eventually close above 1.15. The initial test of this resistance is likely

Wed, 06 May 2015 14:21:05 GMT

GBP/USD 1H Chart: Channel Up

The constant up-trend of the Cable has persisted since April 13, when the pair bottomed out below the 1.46 mark. Since then, the British currency managed to gain as many as 940 pips against the Dollar, when the price hit a considerable resistance at 1.55. The following correction sent GBP/USD down to 1.51 in just a few days. Despite that,

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.