EUR/NOK 4H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As it was predicted last week, EUR/NOK moved back into Double top pattern's boundaries and even formed a Rectangle pattern. Actually it is a bullish rectangle to be more precise, which is defined by two parallel trend lines which represent support and resistance levels respectively. After an uptrend, the price stops to consolidate for a moment. After the break of the upper trend line a trader has an opportunity of buying. Even though the pair may turned lower in the nearest future, as the market sentiment is bearish (75%), in a longer term the appreciation of the pair is expected.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 16 Jul 2013 13:44:00 GMT

CHF/JPY 1H Chart: Rising Wedge

A 134-bar long rising wedge pattern was formed by CHF/JPY. Currently, the trading range is narrowing rapidly, and the pair now moves in a 50 pips range. The fact, that aggregate technical indicators on 1H and 4H charts are sending "buy" signals, is adding to signs that soon a penetration of the upper trend line will occur, making the pair

Tue, 16 Jul 2013 06:48:30 GMT

GBP/JPY 1H Chart: Channel Up

Although recent GBP/JPY's behaviour may seem hectic at first—nearly all of its candles for the last 60 have long spikes, pointing at a lack of pair's movement continuity, we can still draw two parallel trend-lines that would clearly show us the bullish tendency the price has been exhibiting after hitting a serious support level at 148.84. GBP/JPY has already managed

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.