USD/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although the currency pair has been successfully moving south for more than 120 hours, it appears that USD/PLN carried insufficiently strong downward momentum in order to penetrate the tough demand area at 3.0901. As a result, the upper down-trend line failed to contain the rebound and gave in, thereby allowing a continuation of the recovery up to the next significant resistance at 3.1150, where the 200-hour SMA merges with the daily R3 and therefore is unlikely to let the greenback to advance any higher from there. In the meantime, an overwhelming majority (74%) of the SWFX traders are holding long positions on USD/PLN.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 20 Nov 2013 13:38:04 GMT

AUD/JPY 1H Chart: Channel Up

Because a week ago AUD/JPY found a strong support at 92.31, the currency pair has managed to form an almost 150-bar long channel up pattern on an hourly chart—even the 200-hour SMA has proved to be unable to stop the advancement, only to delay it for a brief moment.Right now AUD/JPY is undergoing a bearish correction, following a confirmation of

Wed, 20 Nov 2013 13:27:03 GMT

USD/DKK 1H Chart: Channel Down

After topping out at 5.6101 on Nov 7, the U.S. Dollar has been intermittently but surely depreciating. By connecting the peaks of this cascade of sell-offs, we would get a down-trend resistance that represents the upper boundary of bearish channel (red line on the picture). And while we consider this down-trend to be fairly reliable due to many confirmations it

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.