USD/MXN 4H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is losing ground against the Mexican Peso in medium and long term descending channels, as the currency exchange rate trades near the 20.50 mark. In the meantime, on a smaller scale the currency pair is in an ascending short term channel, which represents the rates movement from a combined support of the medium and long term channel lower trend lines to the upper trend line of the medium term channel. Due to the fact that the upper trend line of the medium pattern has already been hit, it can be assumed that the short term pattern is about to become obsolete, and the pair will begin a decline.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 09 Feb 2017 16:10:04 GMT

EUR/NZD 4H Chart: Channel Down

The common European currency is declining against the New Zealand Dollar in a medium term descending channel. Most recently the currency exchange rate surged after reaching the combined support of the medium term channel's lower trend line and the lower trend line of a massive descending channel pattern. The surge was stopped by the medium term channel's upper trend line

Thu, 09 Feb 2017 08:32:53 GMT

CHF/JPY 1H Chart: Double Bottom

CHF/JPY continued to move away from the ten-month highs of 115.22 which it had tested for several times and failed, but seems to be having trouble to slip below 112.23 where it has sketched a double bottom on the hourly chart. The significance of the area is boosted by the fact that the area has been tested before on the

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.