USD/RUB 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After hitting more than a five-year high of 36.8760 in the very beginning of March, the U.S. Dollar lost its spree and started to depreciate against the Russian Ruble; the decline pushed the pair into a bearish channel.
Now USD/RUB is sitting slightly below the 200-bar SMA but considering that about 66% of all orders on the SWFX are placed to sell the pair, we may expect the currency couple to retreat from its long-term SMA in the hours to come.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Jun 2014 08:37:26 GMT

AUD/USD 4H Chart: Triangle

A rise to a six-month high of 0.9464 early April was a starting point of the 223-bar long triangle pattern formed by AUD/USD. Since the beginning of the summer, the pair has been trapped not only by the triangle's trend-lines but also by its short-and long-term SMAs. Currently, USD/AUD is located slightly above the 50-bar SMA at 0.9261 that acts

Wed, 04 Jun 2014 08:37:14 GMT

CAD/JPY 1H Chart: Ascending Triangle

Since mid-May, CAD/JPY has unable to surpass the level of 94.07—the resistance of the 242-bar long ascending triangle pattern started in mid-May. At the moment, the pair's tendency suggests that the triangle's upper trend-line is likely to remain impenetrable. The instrument is trading slightly below the lower boundary and the proximity of the apex-it will be reached in a day-warns us

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.