EUR/SEK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As resistance at 9.63 proved to be impenetrable, EUR/SEK had no other choice but to decline. The pair has already fallen beneath the Jan low and it is set to extend the losses, as implied by the technical indicators and resistance trend-line, currently at 9.28. Once support at 9.25, represented by the weekly S1, is out of the way, the next target will be 9.18, where the daily S2 coincides with the lower boundary of the channel. There we can expect an upward correction. Yet another formidable support the bears should be wary of is seen at 9.16, created by the weekly S2 level together with the 2014 Nov low. Meanwhile, according to the SWFX market sentiment, 73% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Mar 2015 14:19:15 GMT

USD/CAD 1H Chart: Triangle

Despite approaching the upper boundary of the current triangle pattern, the US Dollar is unlikely to breach it with ease. As first, there is a number of strong resistance levels that will try to stop bulls from pushing the American currency higher. They include the weekly pivot point at 1.2523, as well as simple moving averages on different time-frames (55,

Wed, 04 Mar 2015 07:48:04 GMT

USD/PLN 1H Chart: Channel Up

There are good reasons to be long USD/PLN right now, as the currency pair has just broken out of the triangle to the upside and then formed a bullish channel. Still, there are considerable downside risks in the short run. First, the rate is currently oscillating next to the resistance trend-line. Second, there is supposed to be strong supply at

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.