EUR/HKD 1H Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/HKD is showing some mixed signals in between various time-frames recently, as it has approached the upper trend-line of the senior channel it has been trading in for the last five months. The cross has created a symmetrical triangle which suggests that the upward motion should continue and break the boundary of the channel around 8.5278. We, however, lean in favour of a reversal immediately due to pressures stemming from the above senior trend-line, meaning that the junior pattern might break to the downside near 8.4650. In case the pair executes another wave south, we will look for it to bounce off 8.5026, the upper trend-line of the triangle.
© Dukascopy Bank SA

Actual Topics

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.