USD/HKD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Judging from the current pattern that the USD/HKD currency pair has formed, an eventual break-out should to happen to the upside. This is because the pattern was started on a positive note with a surge in pair's value on March 21-24. However, technical indicators and the SWFX market sentiment tend to disagree with such a view. The former are pointing to the downside on all time frames from hourly to daily. The market in turn looks overcrowded with the bulls (72%), meaning there is little space left for fresh long trades. In addition, there is a dense supply cluster above the spot, and a failure at any of them, whether it is the weekly PP at 7.7559 or 200-hour SMA at 7.7568, will diminish the outlook.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 04 Apr 2016 15:12:04 GMT

USD/SEK 4H Chart: Channel Down

In the short-term the US Dollar is capable of sliding down to the first weekly support line at 8.0384 that is the nearest demand level for its currency pair with the Swedish Krona. Although a temporary break is possible, we estimate more losses on the side of the Greenback, and our views are shared by 4H and daily technical indicators.

Mon, 04 Apr 2016 08:45:39 GMT

AUD/CHF 1W Chart: Channel Down

It seems that the Aussie will become a subject to huge losses in the months to come. Exchange rate of this currency against the Swiss Franc reached the upper boundary of the channel down pattern and it has been trading below it (0.74) for a fifth consecutive week. The base scenario implies a short-term drop towards the 0.7120/70 mark where

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.