EUR/SEK 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The common European currency is trading against the Swedish Krona in an ascending channel on a medium scale. The medium term channel is a representation of the pair's rebound against the lower trend line of a large scale channel up pattern. However, there is a possibility that changes are about to occur, as the currency exchange rate has reached and bounced off from the 23.60% Fibonacci retracement level, which is located at the 9.5726. Due to that fact traders are advised to watch, whether the rate makes another attempt at the resistance and breaks it. On the other hand the rate might break out of the ascending channel to the downside and begin a medium term decline.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 30 Mar 2017 11:48:58 GMT

SGD/JPY 4H Chart: Channel Up

The Singapore Dollar is surging against the Japanese Yen in an ascending channel pattern. Although the pattern's borders are doubtfully measured, the direction of the currency rate can be forecasted. The pair is heavily affected by the Fibonacci retracement levels, which are measured by connecting the 2016 high and low levels. As recently the pair hit the support provided by

Thu, 30 Mar 2017 08:22:47 GMT

EUR/JPY 1H Chart: Channel Down

EUR/JPY has been falling since December 2016, but managed to set some corrective steps on the way. A flattish upward sloping channel was switched to a channel down that still lacks some confirmation. The pair has just touched the upper bound of the most recent pattern and has set eye on the lower trend-line with a few hitched on the

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.