GBP/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Even in case the Cable successfully breaches the 200-period SMA at 1.4268, this currency pair will be most likely forced to resume a downtrend in the medium-term when it touches the red trend-line of the channel down pattern. For now this boundary is placed slightly above the 1.44 mark and is guarded by both weekly and monthly resistance lines. According to the medium and long-term technical indicators, GBP/USD will decline over the next seven days. The first massive target will be the February low at 1.3835, while success here should pave the way for a selloff down to the pattern's support at 1.3755. On the other hand, SWFX sentiment is 57% bullish, meaning a rally past 1.4450 is not off the table.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 11 Mar 2016 14:33:07 GMT

USD/PLN 4H Chart: Channel Down

Yesterday the US Dollar accelerated its depreciation tendency versus the Polish Zloty, as this cross penetrated an important demand cluster between 3.89 and 3.90. Here the bears managed to eliminate the weekly and monthly S1s that are now helping the pair in prolonging the leg down. Eventually we expect the 3.78 mark to be reached, as this is represented by

Fri, 11 Mar 2016 09:48:12 GMT

NZD/CAD 4H Chart: Broadening Falling Wedge

The New Zealand Dollar has been declining against its Canadian counterpart since the beginning of 2016, trading in a broadening falling wedge. The pair recently confirmed the wedge's support line and is now aiming to reach the upper boundary circa 0.93. However, daily technical studies suggest the exchange rate is to put the lower border to the test, but

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.