EUR/DKK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro is depreciating against the Danish Krona in a channel down pattern, as the currency exchange rate trades between various Fibonacci retracements. The Fibonacci retracements connect the June low level of 0.7350 and the drastic July high of 7.4598. It seems that the retracements possess a large degree of influence on the currency pair, as there seems to be no other distinct pattern active at the moment, except the short term descending channel. Most recently the common European currency bounced off the pattern's upper trend line at 7.4420, which now is also strengthened by the first weekly support level of 7.4423. Moreover, the pair is oversold, as 73% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 05 Oct 2016 13:01:04 GMT

EUR/PLN 4H Chart: Channel Up

The common European currency is simultaneously trading in accordance with three patterns against the Polish Zloty. On a large scale the currency exchange rate is in a falling wedge pattern, and in the recent weeks the pair traded near the pattern's lower trend line. In the meantime, on a medium scale the currency pair is in a channel down pattern,

Wed, 05 Oct 2016 07:11:12 GMT

GBP/JPY 4H Chart: Descending Triangle

GBP/JPY is up for a critical move over the following days, which will either maintain the descending triangle pattern the pair has been following for the last two months, or complete the correction with a bearish outbreak of the 129.47 support level. While loss of volatility has led the rate to abandon the previously established triangle upper trend-line and take

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.