USD/TRY 4H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/TRY showed signs of a rectangle formation early September, however, further developments suggested that the pair follows an ascending triangle pattern, implying that the market will continue trending for bulls to gain. An attempt at 2.9871, the triangle top trend-line, did not end with a close near the resistance line, causing the rate to take a more flattish road up. 2.9842 is the first near-term resistance to overstep, and 2.9922 will be the next level to watch in case the pair breaks the triangle supply level. A dip would be stalled by 2.9791 at first, just to sink into the 2.9769 bottom uptrend and bounce back to test the same levels but from the other side.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 21 Sep 2016 10:50:03 GMT

GBP/CHF 4H Chart: Falling Wedge

The Pound is depreciating against the Swiss Franc simultaneously in two patterns. On a larger scale it is a channel down pattern, and in short term it is trading in accordance with a falling wedge pattern. The wedge is the currency exchange rates movement downward after it bounced off the channel's resistance line on September 6. Most recently the currency

Wed, 21 Sep 2016 06:16:34 GMT

EUR/NZD 1H Chart: Channel Down

Following a double top formation, EUR/NZD broke the neckline just to dive into a descending channel and confirm the bearish themes once again. The pair touched the upper trend-line of the pattern at 1.5252 just moments ago, suggesting that a dip towards the bottom downtrend is to come. 1.5230 will be the first level trying to distract the movement with

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.