USD/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although just yesterday USD/PLN was trading in a bullish channel, today the lower boundary of the pattern has already been violated. This allowed the currency pair to form a downward-sloping channel, which is already more than 40 bars long.
However, in order to confirm its bearish intentions USD/PLN still needs to breach the long-term moving average at 3.1174, then it will be able to approach the lower falling trend-line at 3.1038.
In the meantime, an overwhelming majority (71%) of the SWFX market participants are holding long positions, expecting the U.S. Dollar to appreciate.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 14 Nov 2013 12:48:22 GMT

USD/CHF 1H Chart: Channel Down

Since USD/CHF encountered an impenetrable resistance line at 0.9231 (now also the daily R2), it had no other choice but to decline. And, judging by the last 40 bars, it appears that the currency pair is highly likely to descend while fluctuating between two parallel trend-lines. However, first USD/CHF has to confirm 0.9185 as the resistance, otherwise the price will

Thu, 14 Nov 2013 07:15:55 GMT

EUR/CHF 4H Chart: Rectangle

A dive to a four-month low in the very end of September was a starting point of the rectangle pattern formed by EUR/CHF. The pair entered the pattern from below and has touched its boundaries for four times already. Now the currency couple is faltering above its 50- and 200-bar SMAs and is expected to advance by traders who are

Subscribe to "Fundamental Analysis" feed

Souscrire
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.