EUR/USD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After touching a low of 1.275 on July 9, the single currency has started to appreciate against the greenback. At the moment of writing the pair stood at 1.338 and it seems there are no obstacles for further appreciation. While 63% of opened positions are short, we might suggest bears will push the pair lower closer to pattern's support line. However, the fact that indicators on 4H and daily charts are neutral, the pair is expected to move sideways for some time. Nevertheless, in a longer term, the Euro is likely to continue gaining in value against the U.S. Dollar, as indicators on weekly chart are sending "buy" signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 26 Aug 2013 13:24:03 GMT

CAD/JPY 4H Chart: Descending Triangle

During the last 4 months CAD/JPY currency pair has been depreciating, and formed a descending triangle pattern. At the moment of writing, the price stood around 93.65, just 57 and 140 pips below the pattern's resistance and 200-bar SMA, respectively. While aggregate technical indicators are sending either "neutral" or "sell" signals, and the market sentiment is strongly bearish (74%), we

Mon, 26 Aug 2013 08:05:19 GMT

EUR/GBP 1H Chart: Channel Up

EUR/GBP surpassed its 200-hour SMA on August 22 and managed to remain above this important level that now acts a support zone. The pair mostly followed an upward trend, moving in a relatively narrow corridor for the last three trading days. After touching the pattern's resistance on Friday, the pair slightly retreated and consolidated at the level of 0.8540.As concerns

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.