EUR/SEK 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro is in a good position to advance against the Krona. In addition to the bullish outlook implied by the emerging ascending channel, most of the technical indicators are pointing north. Even more importantly, the pair has just rebounded from the lower bound of the bullish channel forming in the daily chart. Our near-term target is thus the August 17 high at 9.5140. If this level is reached, the rate's next objective is likely to be the current August high at 9.60. In the meantime, dips are to be limited by a strong demand area circa 9.48, created by the weekly S1, five-day trendline and the 200-hour SMA. For now the only notable counterargument is SWFX sentiment—72% of positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 18 Aug 2016 08:19:05 GMT

USD/TRY 4H Chart: Falling Wedge

There is a near perfect bullish setup in the four-hour chart of USD/TRY. In addition to the falling wedge, the pair is currently testing a multi-year rising support line. Accordingly, our base scenario is a strong rally from 2.91 and potentially to the July high at 3.10. The first important intermediate resistance in this case will be near 2.97, where

Wed, 17 Aug 2016 11:13:03 GMT

AUD/CHF 1H Chart: Broadening Descending Wedge

The Australian Dollar is one more currency, which is affected by the appreciation of the Swiss Franc, as the AUD/CHF currency pair is in a broadening descending wedge pattern. The currency exchange rate is falling by following near the pattern's lower trend line around the level of 0.7350. In accordance with the pattern, there should soon come a period of

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.