EUR/JPY 1D Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
JPY as foreign currency denominating pairs have been appreciating for quite some time. As a consequence, appearance of the channel up pattern was rather anticipated. Technical indicators suggest a calm, even a sideways development of the pair in the short and medium term. Current market sentiment (72% of open positions long) and long term technicals, however, point at the pairs further appreciation. All in all, we should see the pair appreciating, but not moving straight to the pattern's resistance, rather moving along the pattern's support.

© Dukascopy Bank SA
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Mon, 01 Jul 2013 13:57:54 GMT

EUR/CHF 1H Chart: Channel Up

EUR/CHF as most of the euro as home currency denominating pairs are posing for a rally. In the cross with the Swiss franc we should expect short term appreciation, but it is rather doubtful if the pair will manage to reach the pattern's resistance uninterrupted. Main sources of such doubts are the Stochastic indicator in the short and medium term

Mon, 01 Jul 2013 08:15:19 GMT

EUR/PLN 1H Chart: Triangle

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