EUR/NOK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/NOK was strong enough to advance after a sharp decline under its long-term SMA, a drop under which sent the currency couple to an one-month low of 7.7784 on August 13. A sharp rise was observable after this short-term weakness, with EUR/NOK skyrocketing to a 33-month high on August 22. However, a bounce above this level failed, making the decline towards the pattern's support inevitable. If the pair does not manage to jump from this level currently at 8.0597, it may tumble to its 200-hour SMA at 8.0427 that will mollify a downside pressure but may fail to stop the pair from falling to 8.0239 (daily S2).
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 29 Aug 2013 06:34:41 GMT

AUD/JPY 1H Chart: Channel Down

Having reached a pattern's upper trend-line, the pair changed its direction to the north. A stab to the lower boundary of the channel down pattern prevented the pair from a further decline that may have taken the pair well below the current level.Now AUD/JPY is moving towards its daily R1 at 87.82 that, if overcome, may trigger tests of daily

Thu, 29 Aug 2013 06:34:21 GMT

USD/SEK 4H Chart: Descending Triangle

For more than a month, 200-bar SMA was blocking any upside movements of USD/SEK, forcing the pair to retreat every time it attempted to approach this psychological level. It seems unlikely for the pair to overcome its 200-bar SMA at 6.5284 in the days to come, and USD/SEK may continue to swing not far away from 6.4722 (daily S1). If

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.