EUR/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Downside risks for the Euro/Yen cross are created by both 100 and 55-hour simple moving average lines at 128, which are reinforced by the daily pivot point today and the upper boundary of the downward channel. For the time being, losses are foreseen by many technical indicators, which tend to deteriorate deeper on every following time frame from hourly to daily. Despite that, SWFX traders are completely undecided with respect to EUR/JPY. The base scenario assumes a trade within the current boundaries of the pattern, which bets on a decline in the direction of April 2015 low at 126.08. Success here will pave the way for an extra sell-off down to the 125.83 mark (support trend-line).
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 12 Jan 2016 14:32:04 GMT

EUR/SEK 1H Chart: Double Top

By forming a double top pattern, EUR/SEK is putting at risk any future growth opportunities, as this pattern is considered to be a reversal one. The most crucial test will take place somewhat above 9.23 where the 200-hour SMA merges with January 8 low, namely the horizontal trend-line for the pattern. Intermediate demand is offered by the weekly PP and

Tue, 12 Jan 2016 07:30:04 GMT

GBP/NZD 1H Chart: Channel Up

GBP/NZD has successfully completed its bearish correction since the last time we reviewed the pair. This means the British Pound is now in a good position to resume the recovery from 2.15 started at the very end of 2015. The bullish outlook is also reinforced by the four-hour and daily indicators, and the price is expected to surpass the January

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.