USD/NOK 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After bottoming out around 7.73 on March 26, the American Dollar commenced a gradual recovery against the Norwegian Krona. However, the trading range of the pair is narrowing, which eventually led to emergence of the ascending triangle pattern. The upper boundary of it is currently located just above the 8.12 mark, and the Greenback has been heading  directly towards this level since Monday. Despite being strengthened by daily and weekly R1 from below, both market participants and technical indicators suggest the USD/NOK currency will succeed in breaching this area. Among traders, 65% of them are bullish, while 4H technical are sending "buy" signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 09 Apr 2015 12:24:03 GMT

EUR/JPY 4H Chart: Ascending Triangle

Similar to the previous currency pair, EUR/JPY has also formed the ascending triangle figure, following a failure to decline beyond 127 earlier in March of this year. At the same time, this pair is testing the lower upward-sloping boundary of the pattern at the moment, which is reinforced by the weekly S1 at 128.98. Judging from technical indicators on all

Thu, 09 Apr 2015 06:55:04 GMT

EUR/GBP 4H Chart: Double Top

EUR/GBP prepares to launch an attack on a strong support level at 0.7220. This is the neck-line of the recently formed double top pattern, and it is reinforced by the monthly pivot. If the currency pair succeeds, the price may afterwards fall towards the Mar low near 0.70, though there is also the monthly S1 nearby at 0.7043 that can

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.