USD/PLN 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A drop to almost a one-year low on October 22 gave USD/PLN an impulse to climb. The pair took advantage of this upward pressure and commenced a sharp appreciation that has lasted for almost two weeks already. However, a formation of the channel up pattern started later, only on November 5. Now the pattern represents a particular interest as the pair breached the lower limit three hours ago that may be a signal that a bearish breakout occurred, meaning that a decline may be in place before long. Market sentiment supports this, with 66.67% of market participants being bearish on the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 13 Nov 2013 07:05:32 GMT

EUR/DKK 4H Chart: Channel Down

The single currency has been gradually declining against the Danish Krone since October 17. The pair formed a channel down pattern and now it trading within its boundaries being trapped by short and long term SMAs. 200-bar SMA is meandering above the pair, acting as a formidable resistance, whereas 50-bar SMA is lying below EUR/DKK, being a strong support. Market

Wed, 13 Nov 2013 07:05:04 GMT

AUD/USD 1H Chart: Channel Down

Having approached more than a half-year high, AUD/USD has become a subject to a bearish pressure that prevented any upside moves. In the very beginning of November, the pair attempted to recover but after a slight gain the pair started even sharper decline, forming a channel down pattern. At the moment of writing, the currency pair is vacillating close to

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.