USD/NOK 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As the Greenback gained strength in the past week against other currencies, the USD/NOK exchange rate has formed a short term ascending channel pattern in the borders of a larger, descending channel pattern. It also has to be noted that the currency exchange rate is heavily affected by the Fibonacci retracements, which connect the 2016 high and 2015 low levels. Although, most recently the currency exchange rate ignored the 50.00% Fibonacci retracement on its way to the descending channel pattern's upper trend line. Moreover, recently the currency pair's surge was stopped by the 200-period SMA, which is an event that occurred exactly, as the rate was about to break out of the ascending short term channel.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 13 Oct 2016 07:02:38 GMT

AUD/CHF 1H Chart: Symmetrical Triangle

While a symmetrical triangle led AUD/CHF to lose volatility and show some upside potential, its strength to guide future movements might be limited, given the dominant weekly channel down which it has falsely broken several times on the hourly chart. The next tap at the bottom trend-line near 0.7440 could result in a close below, putting 0.7399, the monthly Pivot

Wed, 12 Oct 2016 11:15:03 GMT

USD/HKD 4H Chart: Channel Down

The US Dollar is depreciating against the Hong Kong Dollar on a larger, long term scale in a descending channel pattern. However, most recently the currency exchange rate was fluctuating in the borders of a channel up pattern, which occurred due to the currency pair finding support in an ascending line, which connects the various low levels of this year.

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.