EUR/PLN 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A downward break out of the ascending channel pattern EUR/PLN has been following for the past two weeks is likely to cause a significant dip, supposedly towards the 200-hour SMA. The channel proved its significance when losses caused by bad news in the Euro Zone were cut off at the lower trend-line. SMAs of shorter time-frames are in position to put pressure on the currency from the upside, facilitating the pair's way down. While the SWXF sentiment index signals the pair to be oversold with net sentiment of -43%, suggesting continuation of the bullish trend, aggregate technical indicators fail to give any insights into the matter. In case the pair does indeed return into the bounds of the channel, 4.3839, the top trend-line will be targeted, with a selloff hedging against a further surge.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 05 Sep 2016 08:59:12 GMT

EUR/CAD 1MN Chart: Symmetrical Triangle

The monthly chart shows a symmetrical triangle that EUR/CAD has developed over the last eight years. Because an explicit trend has not been established before the triangle formation, an upward breakout is as likely as a downward one and it can be expected that one will occur rather sooner than later. What shifts our expectations more towards a bullish outburst,

Mon, 05 Sep 2016 07:45:03 GMT

GBP/NZD 4H Chart: Descending Triangle

After having found stability in an ascending channel pattern, GBP/NZD broke out of the descending triangle it had formed since June. The channel has decent support which the pair has tested several times already, and is currently approaching again at 1.8147, implying that a downward breakout is quite possible. We believe that the pair will break the lower trend-line 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.