USD/SEK 4H Chart: Channel Up

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Source: Dukascopy Bank SA
The Greenback recently established an ascending channel pattern against the Swedish Krona. The channel represents the break of the upper trend line of a long term descending channel pattern by a medium sized ascending channel. Due to that factor it is assumed that the small scale pattern will remain in force until it reaches the upper trend line of the now dominant medium scale channel. On its way to the trend line, which is near the 9.15 mark, the currency exchange pair is set to struggle with the breaking of the 23.60% Fibonacci retracement level, which is located near the 9.0775 level. The Fibonacci retracement levels on this pair are measured by connecting the 2016 high and low levels.
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Wed, 05 Apr 2017 12:46:18 GMT

USD/NOK 4H Chart: Channel Up

The US Dollar against the Norwegian Krona is in a complicated situation, as the currency exchange rate is simultaneously fluctuating in four various scale patterns. However, in general a surge is expected form the Buck against the Krona, and it can be observed occurring. Most recently the currency exchange rate encountered the resistance put up by the 23.60% Fibonacci retracement

Wed, 05 Apr 2017 08:41:47 GMT

SGD/JPY 4H Chart: Channel Down

The latest developments during the past four trading sessions on the SGD/JPY currency exchange rate have pressured for the need of a review of the rate. The hypothesis of a bounce off from the 200-period SMA fulfilled itself, as the currency exchange rate changed its direction, and the previously active ascending channel pattern has become obsolete. As a result a

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