EUR/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The single currency has been underperforming Japanese yen since last Friday in a constant downward trend, which led to emergence of the bearish channel on an hourly chart. Today the Euro has stabilised; therefore, the pair is gradually moving in the direction of the upper trend-line. It is possible that the bloc's currency will try to cross this important level. However, it is strengthened by the daily pivot point at 141.44, meaning that the task will be hard to accomplish. Moreover, technical indicators on all time-frames are giving aggregate negative signals for the time being. SWFX traders, however, are neutral in respect to EUR/JPY perspectives, as longs and shorts are divided equally.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 07 Jan 2015 15:34:22 GMT

EUR/PLN 4H Chart: Channel Up

After reaching the lower boundary of the channel up pattern on December 31, the Euro/Zloty cross is struggling with gaining enough bullish momentum in order to commence a strong recovery and rise further by going in the direction of the upper trend-line. From technical point view, we assume this is possible, in case the pair manages to overcome the closest

Wed, 07 Jan 2015 07:12:24 GMT

USD/NOK 1H Chart: Channel Up

Following an eventless second half of December the US Dollar resumed appreciation against the Norwegian Krone. However, considering that USD/NOK is currently trading next to the upper boundary of the channel, which is reinforced by the recent highs and weekly R2 level, the currency pair is likely to retreat from 7.80/7.77 to the support at 7.70.In case the resistance fails

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.