USD/RUB 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As recently the US Dollar began a surge against the Russian Ruble in the aftermath of reaching the medium term descending channel pattern's lower trend line, a need for reexamination of the currency exchange rate arises. It seems that the rate rebounded in a short term ascending channel pattern. However, most recently the currency pair reached the upper trend line of the medium size pattern and already failed to break through the resistance put up by it. It is possible that in during the rest of the Monday's trading the rate will bounce between two trend lines of both patterns until the pair will finally break out to the downside and continue to decline in accordance with the medium pattern.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Nov 2016 13:10:03 GMT

USD/TRY 4H Chart: Channel Up

The US Dollar is surging to new heights against the Turkish Lira in an ascending channel pattern on the four hour chart. However, during the analysis of the rate another interesting ascending channel was found. On the hourly chart there is another ascending channel, and the both patterns share a common upper trend line. Moreover, on a larger scale the

Mon, 28 Nov 2016 09:03:32 GMT

NZD/USD 1D Chart: Channel Up

Following a 20% year-long surge, NZD/USD exited the channel up pattern to the downside mid-November, and is currently on its way to retrace from the broken trend-line. The pair will immediately encounter 0.7112 and 0.7167, represented by 20-day SMA and monthly Pivot Point before it attacks the targeted area which is strengthened by a cloud resistance. A death cross formation

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.