USD/DKK 1H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
In the next few hours we can expect a rebound from USD/DKK, but the overall outlook for now is bearish, as the currency pair is trading within the boundaries of a downward-sloping channel. The rally should be capped by a falling resistance line at 6.60, while the immediate support is at 6.55. By the end of the day the US Dollar may lose ground until the exchange rate hits 6.5273 kroner, where the price is going to meet the weekly S1 level. Alternatively, a close above 6.60 will imply an extension of the surge towards 6.66 kroner, where the weekly R1 meets the 200-hour SMA. As for the SWFX sentiment, there are currently more short positions (60%) than there are long ones (40%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 14 Sep 2015 05:41:54 GMT

EUR/USD 1H Chart: Channel Up

EUR/USD appears to be in a good position to build on last week's success. Except for the weekly pivot points, there are not supposed be any significant resistances all the way up to the August high at 1.17. In the short term however, there is likely to be a decline, being that the Euro has just confirmed the upper boundary

Fri, 11 Sep 2015 14:32:07 GMT

GBP/JPY 4H Chart: Channel Up

After bottoming out at the 180.44 mark, the Sterling/Yen cross decided to recover and has already regained more than six figures since the beginning of this working week. Moreover, the bullish scenario is forecasted to be in place in the foreseeable future. In the past 24 hours GBP/JPY has traded sideways, but there is a high probability the cross will

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.