USD/PLN 1H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The American dollar has eventually reached the lower trend-line of the wedge pattern, in the direction of which it moved since the end of the previous week. The pair's ability to cross the pattern's support will determine it's future development. As suggested by medium and long-term technical indicators, the US currency will succeed in completing this mission and is likely to lose value further. However, judging from hourly technicals, the pair will hover at current level for some period of time. Meanwhile, the bearish theory is supported by the vast majority of SWFX traders. At the moment almost 71% of them are short with respect to US dollar versus the Polish zloty.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 26 Nov 2014 14:42:03 GMT

GBP/JPY 1H Chart: Double Top

The second top of the  present pattern has been formed on Tuesday and then the pair decided to go lower. However, a decline was stopped by the 100-hour SMA around 185.10. At the moment the British pound has a clear intention to rise in value. Nevertheless, we expect the pair's increase to be limited by weekly R1 at 186.79 and

Wed, 26 Nov 2014 09:10:13 GMT

AUD/NZD 4H Chart: Channel Down

The Aussie has been targeting the 1.13 level for most of the second part of this year; however, unsuccessfully. A failure at that level has sent the pair lower and it has formed a bearish channel. The current channel down pattern could be a part of a longer–term triple bottom pattern. Nevertheless, at the moment the pair is approaching a cluster

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.