USD/TRY 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/TRY has recently touched a strong resistance level, and there is likely to be a further sell-off over the next couple of weeks, despite the daily indicators pointing upwards. Nonetheless, the overall outlook remain bullish, and the downside should be limited by the potential lower boundary of the bullish channel at 2.65 reinforced by the monthly PP. There the currency pair is expected to turn around and start targeting 2.90. However, if 2.65 fails to withstand the selling pressure, the focus will shift to 2.57, where the monthly S1 merges with the May low. Meanwhile, the SWFX sentiment is distinctly bearish, being that at the moment merely 28% of people are holding long positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 15 Jun 2015 07:27:10 GMT

USD/PLN 4H Chart: Channel Down

The bias towards USD/PLN is negative. The currency pair has just approached the upper boundary of the recently formed bearish channel. The US Dollar should bounce off resistance at 3.72 and penetrate the nearest supports, including the monthly PP at 3.70, 200-period SMA at 3.6730 and Jun 10 low at 3.6475. A rebound will be expected at 3.61, where the

Fri, 12 Jun 2015 12:44:04 GMT

NZD/CAD 4H Chart: Descending Triangle

This week the Kiwi has plummeted against the majority of its counterparts. The list of currency pairs included the Kiwi/Loonie, which dropped substantially, and therefore confirmed the descending triangle pattern. By crossing both weekly and monthly S1 support lines, there is a greater risk the New Zealand currency will continue falling in the medium and long-term against the Canadian Dollar.

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.