EUR/SEK 1H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
It seems that the Euro is getting ready to resume declining against the Swedish Krona in the nearest future. The pair managed to rebound towards the upper trend-line of the pattern, but further gains are unlikely. At first the cross is required to consolidate below the long-term simple moving average line at 9.36. Following that, the bears will be expected to send the 19-nation currency as low as 9.3170 (daily S1) in the medium-term and in the direction of the lower edge of the pattern at 9.24 in the long run. The bearish scenario is supported by 74% of SWFX market participants, but is opposed by the 4H and daily technical indicators, which see the pair higher in the next 24 hours.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 20 Jul 2015 13:45:04 GMT

USD/CAD 4H Chart: Channel Up

After picking up more than 100 pips on July 15, the USD/CAD currency pair has been respecting the upper trend-line of the bullish pattern, thus registering moderate increase in value. Judging from the technical studies on the short and medium-term time frames, the US Dollar is going to continue appreciating versus its Canadian counterpart. The weekly indicators are in turn

Mon, 20 Jul 2015 06:52:32 GMT

AUD/NZD 1D Chart: Channel Up

The outlook on AUD/NZD is bullish. The exchange rate is likely to rebound from 1.1147 and start forming a new up-leg. This scenario is reinforced by the weekly and monthly technical indicators. However, we must acknowledge that a rally beyond 1.14 will be difficult, since the Aussie will approach some prominent 2013 highs. In the meantime, a close beneath 1.1147

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.