USD/PLN 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The current outlook on USD/PLN is strongly bullish. The currency pair has just slid down to a major demand area at 3.3462, and it is now in a good position to update November maximum. The mentioned support, apart from being implied by the monthly PP and 200-period SMA, is also reinforced by a three-month up-trend, namely the lower boundary of the emerging channel up pattern. However, the near-term technical indicators are mixed, with only weekly studies being distinctly in favour of US Dollar's further appreciation. Meanwhile, the SWFX market disagrees—as many as 70% of traders are holding short positions at the moment.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 21 Nov 2014 12:45:16 GMT

GBP/NZD 4H Chart: Channel Down

Being unable to overcome the resistance between 2.08 and 2.105 during the last two months, the bulls gave up, which led to formation of a bearish channel. Accordingly, GBP/NZD should now be capped by the supply at 2.0038, where the weekly pivot point merges with the Nov 19 high and with a down-trend. The short-term objective for the rate is

Fri, 21 Nov 2014 10:08:04 GMT

AUD/SGD 4H Chart: Double Bottom

After nearing the 1.1800 level at September, the pair started to decline sharply. However, the support around the weekly S2 at 1.1028 halted the drop and helped to form a double bottom pattern. Nonetheless, at the moment the AUD/SGD cross is trying to form triple bottom pattern, after a failure to break above the pattern's neckline around the 1.14 mark. 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.