EUR/NOK 1H Chart: Triple Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After a sharp drop of the Euro against the Norwegian Krona two weeks ago, the currency pair formed a rare triple bottom pattern. A development, in turn, followed a period of strong fluctuations of the cross since February 18. This pattern is expected to be confirmed, when the pair crosses the highest peak between the valleys, while at the moment EUR/NOK is already approaching this resistance level at 8.6554. This line, however, is strengthened by daily and weekly R1, which are intended to push the Euro back to the south. Technical indicators prefer a long-term bearish case as well. SWFX market participants, however, are bullish on the pair in 54% of all cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 02 Mar 2015 14:28:03 GMT

GBP/AUD 4H Chart: Channel Up

While on a longer-term time-frame the Pound/Aussie cross has been developing inside the bullish channel, since mid-February the pair is losing value. Moreover, the bearish tendency is expected to continue in the medium term, at least until the moment the pair touches 1.93 level (monthly S1; 200-period SMA). In the short-term, however, the Sterling may rebound toward weekly R1 at

Mon, 02 Mar 2015 08:53:13 GMT

USD/SGD 1D Chart: Channel Up

USD/SGD has been in a strong up-trend since July 2014, after the currency pair had established a solid support at 1.24. At the moment the price faces tough resistance represented by the 2010 Apr low, but the bullish momentum has not yet been fully exhausted, as suggested by the daily and weekly technical indicators. If the US Dollar closes above

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.