EUR/SEK 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Most recently the EUR/SEK currency exchange rate traded in a descending channel on a medium scale. However, that has ended, as the pair reached a larger scale pattern's lower trend line and rebounded. As a result an ascending channel has formed and revealed its borders. It is likely that the pair will surge in accordance with the newly formed pattern up to the large scale channel's resistance line. However, it will be hindered by the 200-period SMA, which is moving below the channel's upper trend line. Meanwhile, the SWFX market trader sentiment reveals, that traders are neutral on the pair, which means that there is room for movement to either of the possible two sides.
© Dukascopy Bank SA
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Mon, 26 Dec 2016 15:46:00 GMT

USD/SEK 1H Chart: Channel Up

The US Dollar is trading against the Swedish Krona simultaneously in three channel patterns. The situation is simple. On a large scale the Greenback is surging against the Krona in an ascending channel pattern. On a medium scale the rate is depreciating from the large scale pattern's upper trend line to the lower trend line in a simple channel down.

Mon, 26 Dec 2016 12:01:37 GMT

EUR/NOK 4H Chart: Rising Wedge

The common European currency is in an ascending wedge against the Norwegian Krona. However, on a larger scale the currency exchange rate is in a descending channel. Moreover, the currency pair recently hit the large scale channel's upper trend line at 9.1150 and bounced off from it. In addition, the pair recently moved below the 23.60% Fibonacci retracement level at

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