USD/DKK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the previous week USD/DKK has been forming a well-defined bullish channel, and the currency pair may well keep fluctuating within its borders. The immediate resistance level is represented by the Friday's high, but a real test of the upward momentum is expected at 7.1285, where the US Dollar is going to meet a combination of the trend-line and the Mar high, which already has the experience of stopping a similar rally.
Meanwhile, the technical indicators are largely mixed, with only a slight bias on the four-hour chart, but the SWFX market sentiment is nonetheless strongly positive, as 70% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Apr 2015 07:02:05 GMT

GBP/NZD 1H Chart: Channel Down

Although the outlook for GBP/NZD is bearish, because of the downward-sloping channel, there are two major support levels the pair is currently facing that are capable of turning the trend around. This may explain why only one out of four traders is short the Sterling. The nearest potential floor is at 1.94, represented by the March lows, followed by a

Fri, 10 Apr 2015 11:46:04 GMT

USD/SGD 4H Chart: Channel Down

After a rebound from the ten-week low of 1.3462, the US Dollar began appreciating against its Singaporean peer, while bulls experienced little problems in sending the pair considerably to the upside. As a result of that, the pair neared the upper boundary of the channel down pattern on Friday, April 10. However, views on the pair's future are diverging right

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.