EUR/TRY 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/TRY is in a strong up-trend. Apart from solid support areas at 3.2550/3.2450 and at 3.22, the overall positive bias is ensured by the long-term trend-line at 3.12 lire that has been topical throughout the whole 2015. However, right now the price is headed towards the upper edge of the channel, meaning the near-term upside potential is limited by 3.3650/3.3550, where we also have the weekly R3 and January high. From there the Euro will probably target the 200-period SMA and the monthly pivot point. On the other hand, if the bulls manage to push the price outside the pattern, the new target will be 3.48, namely the last year's maximum.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 10 Feb 2016 13:58:10 GMT

USD/DKK 1H Chart: Channel Down

The Dollar is estimated to recover up to 6.66 against the Danish Krone, where the next down-leg is going to commence. However, four-hour technical indicators are now pointing to the downside, meaning a renewed movement down can begin earlier than expected. The key obstacle is 55-hour SMA at 6.6487, which is quickly heading downwards and is reinforced by the 100-hour

Wed, 10 Feb 2016 07:06:38 GMT

EUR/AUD 1H Chart: Channel Up

EUR/AUD has formed an ascending channel after confirming the major support trend-line (connects Dec 2015 and Jan 2016 lows) at the very end of the previous month. Accordingly, our outlook on the Euro is bullish, especially considering the technical indicators in the hourly and four-hour charts. The currency pair is expected to rebound either from the weekly R1 or even

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.