EUR/HKD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 194-bar long descending triangle pattern shaped by EUR/HKD originated at almost a two-month low of 10.6071.
At the moment, the pair seems to have endeavored to repeat its attempt to breach the upper limit for the second time. The proximity of the apex coupled with the fact the pair is sitting close to the pattern's resistance signalize that the currency couple may indeed exit the pattern. However, the disposition of the SMAs, with the 50-hour SMA being on the brink of falling below the 200-hour SMA warns that a strong bearish pressure may be in place in the hours to come.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 18 Apr 2014 11:24:01 GMT

USD/NOK 4H Chart: Double Bottom

After a massive sell-off that was observed between the first days of February and the middle of March USD/NOK encountered a tough support area near 5.90 that still remains intact. Accordingly, there is a significant probability of a double bottom emerging on the four-hour chart. Still, this would require the U.S. Dollar to breach the immediate obstacle at 6.00 and

Fri, 18 Apr 2014 07:40:25 GMT

USD/PLN 1H Chart: Ascending Triangle

USD/PLN now represents a lucrative opportunity for traders as the pair exited a 194-bar long ascending triangle two hours earlier that means an accelerating decline may lie ahead. The likelihood of a dive is high since the bearish scenario is supported by market players who bet on depreciation of USD/PLN in circa 70% of cases. To confirm traders' opinion, the

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.