USD/DKK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/DKK tapped at 14-year highs in December 2016, but then went on to post a downfall which was somewhat reversed in a channel up pattern. The pair might be attempting a head and shoulders formation on the daily chart with a shoulder at 7.0567 – and current developments speak in favour of such a scenario due to the broken channel which was abandoned exactly at the rate's encounter with the shoulder. We consider a retracement to be done already and risks are skewed entirely to the downside now, making 6.9844/11 the next area to test. We will look for a large-scale downtrend until technicals and fundamentals prove us otherwise
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Feb 2017 13:29:29 GMT

EUR/AUD 4H Chart: Channel Down

The common European currency is simultaneously trading in two descending channel patterns against the Australian Dollar. The currency exchange rate has set its course to the 2015 low level of 1.3667. At that level it is possible that the rate will find strong enough support level to begin a medium term ascend. However, before that occurs, the currency pair is

Thu, 16 Feb 2017 09:07:49 GMT

USD/RUB 1H Chart: Channel Down

The US Dollar lost loads of value, 34% to be precise, to the Russian Rouble in 2016 and might be targeting the May 2015 low at 49.18 and could reach it sometime until mid 2017. The pair managed to sketch a channel down pattern on the hourly chart, but a boost in volatility led to breaks of the pattern from

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.