EUR/GBP 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency surges against the Pound in an ascending channel pattern on a medium scale. However, the rate is simultaneously more affected by the Fibonacci retracement levels, which are measured by connecting the pre-Brexit low level with the 2016 high level. At the moment, the pair is on its way from the 38.20% Fibonacci retracement level at 0.8683 to the 23.60% Fibonacci retracement level at 0.8938. However, most recently the rate hit the resistance of the ascending channel's upper trend line. Due to that a short term consolidation of the rate is occurring, and as a result the pair might retreat to as low as 0.8730 mark, before it continues to surge.
© Dukascopy Bank SA
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Mon, 16 Jan 2017 13:01:45 GMT

USD/JPY 4H Chart: Channel Down

The Greenback failed to break through the resistance put up by the 2016 high level against the Japanese Yen. As a result a decline of the rate began, and a descending channel pattern formed. The channel directed the rate from the 2016 high level of 118.67 to the 23.60% Fibonacci retracement level at 114.04. The Fibonacci retracement levels are measured

Mon, 16 Jan 2017 08:45:51 GMT

EUR/NZD 1D Chart: Channel Down

A channel pattern led EUR/NZD down, closer to ten-year lows of 1.4042 which were approach once before in 2015. The current down-wave is likely to hitch immediately at the resistance of 1.4887, and set an ultimate target around 1.4493, which is likely to then lead to a short-term bullish outburst shifting the goal to the upper trend-line of the pattern.

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