EUR/SEK 1H Chart: Broadening Ascending Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is trading in a short term broadening ascending wedge against the Swedish Krona. In the meantime, on a medium scale the pair is in a descending channel, and the wedge is a representation of the pair's rebound from the lower trend line of the channel. Most recently the currency exchange rate found support in the wedge's lower trend line near the 9.47 mark. Due to that reason the Euro is set to gain against the Krona. However, the currency pair is set to struggle with the resistance put up by the 38.20% Fibonacci retracement level at 9.4837 level. The retracement levels on this pair are measured by connecting last year's high and low levels.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 07 Feb 2017 15:36:39 GMT

SGD/JPY 4H Chart: Channel Down

The Singapore Dollar has been depreciating against the Japanese Yen since the middle of December. In addition the currency exchange rate is highly affected by the Fibonacci retracement levels, which are measured by connecting the 2016 high and low levels. However, the retracement levels have shown that they lack enough strength to force the pair into a move, which would

Tue, 07 Feb 2017 10:00:18 GMT

USD/JPY 1H Chart: Descending Triangle

The US Dollar has formed a short term descending triangle against the Japanese Yen in the borders of a medium term descending channel pattern. Most recently the currency exchange rate has once more bounced off the lower trend line of the triangle pattern. It seems that a breakout is about to occur soon. As on a larger scale the currency

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.