USD/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
It seems that the US dollar is getting ready to decline further in its pair with the Japanese yen. After weeks of confident gains, the USD/JPY pair started losing ground on December 8 and formed a bearish channel during last two weeks. At the moment it is testing the lower boundary of the pattern and we expect it to be successful. At first, there are no major obstacles that could prevent the pair from rising at least up to 119, where the weekly PP, daily R2 and 200-hour SMA are located. Moreover, 52% of market participants are holding long positions on the Greenback, while daily indicators point to the upside. In the long-term, however, they suggest the Dollar will decline.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 17 Dec 2014 14:55:04 GMT

NZD/USD 4H Chart: Falling Wedge

Since the middle of November the New Zealand's currency is falling against American dollar. As a result, the pair managed to create a falling wedge pattern on the four-hour chart. Recently, the cross touched the pattern's resistance for two times, but it still seems that the overall intention of the Kiwi is biased in favour of a decline. On the

Wed, 17 Dec 2014 08:55:59 GMT

GBP/NZD 4H Chart: Channel Down

Since late September the pair has been falling with lower highs and lower lows. That also has resulted into a formation of a bearish channel. The trading range of the pattern is rather wide and the GBP/NZD has been hovering around the upper trend-line for some time. Although, its not completely clear whether it is a sign of the bulls forming

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.