USD/RUB 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is in an ascending channel pattern against the Russian Ruble, as the currency exchange rate is moving to the pattern's upper trend line. Previously, the rate rebounded against the pattern's lower trend line at 63.6280. On its way to the pattern's upper trend line the pair is set to struggle against various resistance levels, as all of the three weekly resistances are located on the way northwards at 65.4469, 66.0195 and 66.7072. In addition, the first weekly resistance is working in combination with the August's monthly pivot point at 65.3310. However, as the rate surges, it will be pushed north by the simple moving averages which are located in a cluster just below the rate, and they will move northwards together with the rate.
© Dukascopy Bank SA
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Mon, 29 Aug 2016 11:27:04 GMT

EUR/USD 4H Chart: Channel Down

As the US Dollar appreciates against the common European currency, the currency exchange rate has formed a descending channel pattern. The rate recently hit the pattern's lower trend line and it is showing signs of a rebound. However, the currency exchange rate previously fell from the pattern's resistance line not due to the fact that the trend line forced the

Mon, 29 Aug 2016 11:05:05 GMT

EUR/USD 4H Chart: Channel up

EUR/USD has failed to stay inside the bounds of an ascending channel pattern it had been forming since the beginning of July. The pair plunged more than one percent over the last trading session, but is yet to break support at 1.1180 where August 16 lows lie. There is reason to believe that the rate will continue its way south

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