USD/JPY 30M Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A correction of the bullish market trend was bound by a symmetrical triangle pattern, suggesting that the upper trend-line at 104.28 will break soon, extending the general rally. A rebound could target 104.36, shifting risk to 104.56 after execution. While on a short-term fall, USD/JPY will bounce form the daily Pivot Point – triangle bottom trend-line cluster at 104.08/10 with no significant obstacles throughout the pattern. On a larger scale, we do not see the pair topping 107.39, the July high, until mid-November. An overwhelming majority (63%) of bulls expecting gains from the USD/JPY currency pair, however, suggests that some downside pressures could weigh on the currency for it to reach equilibrium.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 17 Oct 2016 10:44:03 GMT

EUR/NOK 1H Chart: Symmetrical Triangle

EUR/NOK appears to be forming another symmetrical triangle pattern after breaking the original bottom trend-line and failing to extend the weakness. The pair is approaching 9.0893, the alternative triangle resistance on its latest wave north, which would break the upper trend-line around 9.0710. Led by the broken bottom trend-line, 9.0534 is the next obstacle on the pair's way on the

Fri, 14 Oct 2016 11:51:08 GMT

USD/RUB 4H Chart: Channel Up

The Greenback is still in a channel down pattern against the Russian Ruble on a larger scale. However, most recently the currency exchange rate reached the large scale pattern's lower trend line and rebounded. As a result of the rebound a channel up pattern has been forming this week. Although, its upper trend line is clear, the ascending short term

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.