EUR/SEK 4H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 129 bars the single currency has been depreciating against the Swedish Krone. The pair started to head to the south after touching 8.90 on June 24, more than a month ago. In a shorter term pair's outlook would be bullish, taking into account aggregate technical indicators on 4H chart and the number of opened positions, as they contribute 62% of all opened positions. In a longer term, however, the pair is likely to resume following the downtrend and will continue channelling downwards. This fact is supported by aggregate technical levels on Daily charts, which are suggesting further depreciation.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 26 Jul 2013 13:38:28 GMT

CHF/JPY 1H Chart: Double Top

A rare double top pattern was formed by CHF/JPY 247 hours ago, and there is a possibility the pattern will be completed soon, as the price is approaching the support line. In case this level is breached, the pair will be followed by lower prices and we will see a hike in trading volume. However, in case of a pullback,

Fri, 26 Jul 2013 13:29:39 GMT

XAU/USD 4H Chart: Rising Wedge

It seems that pair is undergoing minor bullish correction after depreciating for quite some time (since October, 2012, in the long term perspective and since mid of June, 2013, in the short term perspective). Significant role in the pattern's is played by the Fibonacci retracements of the mentioned sell off from the mid till the end of June. The main

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.