EUR/JPY 1H Chart: Double Bottom

Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/JPY is nearing the neck-line at 139.37 of circa 300-bar long double bottom pattern the pair has been shaping since mid-May. A climb to this significant level was underpinned by the recent plunge to 137.96, a four-month low.
At the moment, market players on the SWFX are not univocal in regards to whether we will see a breakout soon; the proportion of long positions is almost equal to the proportion of short ones. Meanwhile, technical indicators show a clearer picture, sending ‘buy' signals for short and medium terms and a ‘sell' signal for the long-term.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 03 Jun 2014 06:03:06 GMT

USD/TRY 4H Chart: Falling Wedge

After a jump to the highest level since at least 2009, the greenback started to depreciate against the Turkish Lira. More than a four-month decline pushed the currency pair into a bearish corridor that now is over 310-bar long. However, the weakness is not likely to be eternal and we may see a proof of this soon. USD/TRY settled above the

Mon, 02 Jun 2014 14:16:04 GMT

GBP/USD 1H Chart: Channel Down

Judging by the Cable's fluctuations in May, there is a bearish channel emerging on the hourly time-frame. Accordingly, the bias towards the currency pair is negative, but in the short term we are highly likely to see appreciation of the British Pound, as the currency has just bounced off the lower boundary of the pattern at 1.6674. Once GBP/USD overcomes

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.