USD/NOK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the first nine days of 2014 the U.S. Dollar has been constantly strengthening against the Norwegian Krone and each new high was higher than the previous one, reflecting the strength of bullish movement. Nevertheless, the pair is unlikely to reach another high, as aggregate technical indicators are neutral, while almost 72% of traders are holding short positions on the pair, expecting a period of consolidation. On the other hand, recently the pair tried to penetrate pattern's support line, however, the price immediately jumped more than 400 pips higher. Therefore, the most probable scenario is further appreciation, however, it would be as rapid as earlier.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 10 Jan 2014 08:10:52 GMT

EUR/JPY 1H Chart: Ascending Triangle

EUR/JPY formed an ascending triangle pattern in the end of December when it started to retreat from a five-year high of 143.11. Now the pair is trading not far away from the triangle apex, implying that the breakout is likely to appear before long. The direction of the breakout may be bullish given the type of the triangle and the

Thu, 09 Jan 2014 14:56:27 GMT

AUD/USD 1H Chart: Channel Down

After a rally to 0.90 during the first couple of days in January, the AUD/USD pair has inched back to a weekly S1 at 0.8864. However, the pair refuses to go any lower and at the moment of writing was changing hands at the level of 0.8889. While market sentiment has been strongly bullish during the last couple of months,

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.