USD/TRY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having approached more than a five-year high, the U.S. Dollar retreated against the Turkish Lira; however, the weakness appeared to be short-lived as the pair managed to rebound and form a rising wedge pattern that was started on September 19. At the moment of writing, the pattern was 295-bar long and its quality and magnitude were above 80%. In the hours to come, the U.S. Dollar is likely to extend its gains versus the Turkish Lira given bullishness of the market participants who are buying pair in 56.25% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 10 Dec 2013 06:56:00 GMT

AUD/SGD 1H Chart: Channel Down

The second part of October signalized the beginning of AUD/SGD the downside move that has led to a formation of the channel down pattern, within which the pair has continued to depreciate. Recently, AUD/SGD managed to recover some its losses as heavy selling pressure abated after a dive to a four-month low. Now the currency couple's moves are blocked not

Tue, 10 Dec 2013 06:55:39 GMT

EUR/AUD 1H Chart: Rising Wedge

Although the beginning of November was remarkable for EUR/AUD as it was the time when the pair commenced an accelerating appreciation, a formation of the rising wedge pattern started only on November 28. According to the SWFX data, the currency pair is likely to prolong the pattern as 72.22% of market players are bullish on the pair. Considering the evidence

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.