USD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following a decline under its 200-hour SMA, the pair approached a three-week low of 96.83, USD/JPY and started to appreciate until it touched an one-month high of 99.69 on September 2. However, a rise to this level forced the pair to change its direction to the south to its short-term SMA at 99.38.
At the moment the 20-hour SMA acts as a support zone that prevents the currency couple from falling to its daily pivot at 99.18 that, if overcome, will send the pair to the pattern's support at 99.68. At the same time, given that a channel up is a bullish pattern, USD/JPY has a potential to bounce off its 20-hour SMA and move towards the pattern's resistance sitting at an one-month high of 99.68.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 03 Sep 2013 06:27:51 GMT

USD/ZAR 1H Chart: Channel Down

Having hit a four and a half-year high of 10.5149, USD/ZAD dropped below its 20-hour SMA that prompted a sell-off to 200-hour SMA, a dive under which created a notable downward pressure on the pair bringing an one-week low of 10.1569 back into the picture. After touching this mark, the pair rebounded to trade above its 20-hour SMA and

Mon, 02 Sep 2013 14:54:41 GMT

EUR/DKK 4H Chart: Ascending Triangle

Even despite the fact Danish Krone is pegged to the single currency and it's movements against are limited, ascending triangle pattern with high percentage of magnitude and quality are making it worth trading. At the moment of writing, the pair was changing hands around pattern's support, aggregate technical indicators are sending "buy" signals, suggesting the pair will bounce back from

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.