EUR/PLN 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Considering that EUR/PLN has been recently trading between two converging bearish lines, there is a substantial chance the current trend will give place to a bullish one. Another reason to be long the Euro is a dense demand area between 4.09 and 4.10, created by the monthly S2, 2014 low, and support line. Accordingly, if the currency pair manages to breach resistances at 4.15 (trend-line and weekly PP) and 4.1650 (long-term SMA), the outlook will become bullish. Meanwhile, the technical indicators lean towards the bearish outcome, and a large portion (63%) of the SWFX market participants is holding short positions at the moment.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 18 Mar 2015 07:48:04 GMT

EUR/NZD 4H Chart: Channel Down

The common currency has been losing value relative to the New Zealand Dollar since the very beginning of February, and, unlike in the EUR/PLN pair, there are no signs of a potential reversal just yet. Right now the price is undergoing an upward correction, but the rally should soon be stopped, assumingly at 1.46, where it is going to meet

Tue, 17 Mar 2015 13:26:03 GMT

EUR/GBP 4H Chart: Channel Down

Despite the fact that the Euro/Pound currency pair has already been developing in a downtrend since the middle of January, the pace of cross's decline is most likely going to strengthen in the near-term.Recently, the Euro has rebounded slightly and neared the upper boundary of the bearish channel, which has a chance of sending the common currency back to the

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.