EUR/PLN 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/PLN appears to be offering a good buy deal. Right now the currency pair is trading just above the lower boundary of the bullish channel, and the base case scenario therefore is a rally towards the resistance trend-line at 4.30. Moreover, most of the technical indicators on all time-frames are pointing north. However, there is a risk of the price forming a rising wedge after several failures to escape the gravity of the lower trend-line. Accordingly, a long position before EUR/PLN surpasses the recent high at 4.2050 might be premature. In case of a break-out to the downside we expect the Euro to come down to 4.13, namely to the monthly S1 level and Jun 11 low.
© Dukascopy Bank SA
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Fri, 03 Jul 2015 07:30:11 GMT

EUR/NZD 4H Chart: Channel Up

Considering that EUR/NZD has recently surpassed one of the major 2014 highs (Sep 29), the pair may well keep advancing further north. The positive outlook is also implied by the well-defined bullish channel and technical studies. However, at the moment the upside is limited, since the up-leg is already entering the ending phase. In the near term the Euro is

Thu, 02 Jul 2015 13:48:05 GMT

USD/TRY 4H Chart: Channel Up

In contrast to the USD/DKK cross, the USD/TRY pair is now estimated to just bounce off the lower boundary of the bullish pattern. The pair reached the lower edge of the pattern on June 25, but it is still hovering in the vicinity of a dense area of resistances around 2.69. Moreover, the 100-period SMA (2.7020) is reinforced by another

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