USD/PLN 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After forming a symmetrical triangle in a bullish market, USD/PLN is now eroding the upper trend-line. If successful, the pair will confirm its intentions to keep moving north. Once the price closes above 3.70, the next target will be a recent peak at 3.7330. In case this obstacle is overcome as well, we will expect a re-test of the January high just beneath 3.80.
In the meantime, only weekly technical indicators favour this scenario; most of the four-hour studies are currently pointing down. As for the SWFX market sentiment, at the moment of writing 73% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Feb 2015 05:50:23 GMT

NZD/USD 4H Chart: Channel Up

The upward correction of NZD/USD in the bearish market took the form of a bullish channel. Looking at the four-hour and daily technical indicators, there is still some momentum left. The pair may well find support near 0.75 and attempt to recover to 0.77.However, the risks in the longer term are heavily skewed to the downside, as evidenced by the

Thu, 26 Feb 2015 15:46:10 GMT

GBP/CAD 4H Chart: Channel Up

For the time being the Sterling is expected to keep outperforming the Canadian Dollar, as the pair has formed a high-quality bullish channel. The near term is even more promising, as GBP/CAD is trading just above the lower boundary of the pattern. Thus, the most likely scenario for the next few days is a rally from 1.9226 and to 1.9623,

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.