EUR/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For a few weeks the common European currency traded in the borders of a descending triangle pattern against the Polish Zloty. In the recent days the currency exchange rate finally had its minor break out to the downside, as the pair fell and rebounded near the 4.3380 level. With this move a descending channel pattern was established. The rate is likely to continue trading in accordance with this pattern for some time, but not for long. The pair is already oversold, as 74% of open SWFX positions are already short. It is most likely that traders can watch the descending channel, as a new dominant pattern forms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Jan 2017 14:51:04 GMT

ZAR/JPY 4H Chart: Rising Wedge

The South African Rand is surging against the Japanese Yen in an ascending wedge pattern. The pair is set to move northwards in accordance with this pattern until it reaches levels near the 8.70 mark. Near that level it is set to meet with the medium term ascending channel pattern's upper trend line and bounce off of it. Afterwards the

Fri, 27 Jan 2017 09:09:24 GMT

CAD/JPY 1H Chart: Rising Wedge

CAD/JPY remained close to half-year highs of 88.66 and is now attempting to launch a new attack at the area. The pair has, however, sketched a rising wedge on the way, meaning that a soar above the aforementioned region is farfetched. With the wedge being a bearish pattern, we will look for additional tests of the bottom boundary at 87.75.

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.