EUR/SEK 4H Chart: Broadening Ascending Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is in a rising wedge pattern against the Swedish Krona. At the moment, the currency exchange rate is moving upwards, as it bounced off and confirmed for the second time the pattern's lower trend line on July 14. On its way upward, the pair is set to struggle with a cluster of resistance made up of the weekly PP and 55-period SMA at 9.4610 and 9.4626. Further above lie the weekly R1 and R2 respectively at 9.5126 and 9.5437, which have to be broken to get to the upper trend line at 9.5596. However, the rate might also first retreat again to the lower trend line at 9.4262, which is bundled together in a resistance cluster made up from the 100-period SMA at 9.4395 and weekly S1 at 9.4298.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 18 Jul 2016 12:21:07 GMT

NZD/USD 1H Chart: Channel Down

The New Zealand Dollar has just bounced off the upper trend line at 0.7120 of a descending channel pattern against the US Dollar. At the moment, the pair has moved lower to trade at 0.7112, and it most likely will continue moving lower until it reaches the monthly PP at 0.7069. Afterwards, the pair would move even lower, until it

Mon, 18 Jul 2016 07:53:03 GMT

CAD/CHF 1H Chart: Rising Wedge

The Canadian Dollar is set to fall against the Swiss Franc. The currency pair is trading near the apex of the reversal pattern, and once the lower trend-line (currently at 0.7590) is breached, the price will be expected to fall down to the region around 0.7510. The negative bias is also implied by the pair's proximity to the upper bound

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.