EUR/RUB 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency trades against the Russian Ruble simultaneously in three different scale descending channel patterns. However, the situation is about to change, as the currency exchange rate recently hit the combined support level of the three channel down patterns. Due to that reason the currency pair is set to reverse its movements in the medium and long term. On a massive scale the pair is still set to decline in the upcoming months. Although, this reversal might provide traders with the opportunity to make profits in the meantime, as the previous medium term descending channel was active for more than a month.
© Dukascopy Bank SA
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Thu, 23 Feb 2017 12:57:34 GMT

USD/NOK 4H Chart: Channel Up

The Greenback is trading in an ascending channel pattern against the Norwegian Krona, as the currency exchange rate has formed this medium term pattern in the aftermath of a breakout from the previously active descending channel pattern. Most recently the pair also formed a short term channel up pattern, which represents the rates rebound from the lower trend line of

Thu, 23 Feb 2017 08:54:15 GMT

EUR/NOK 1H Chart: Channel Down

Risks remained skewed to the downside for EUR/NOK after the pair managed to break the support of the trading range the pair had respected for a while and went on to sketch a channel down pattern below the significant 8.9300 level. The rate is currently attempting to distance itself from the upper boundary of the pattern and has entered a

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