EUR/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite being once described, the channel down pattern formed by EUR/USD is worth examining one more time as the pair is attempting to breach the pattern's resistance at the moment. EUR/USD penetrated this formidable resistance several hours ago but failed to consolidate above this level and retreated slightly. The breakout that may appear before long is further complicated by disposition of SMAs. The 200-bar SMA acts as a resistance that even if the pair overcomes pattern's upper limit will curtail the rally, whereas 50-bar SMA represents a strong support that is likely to mollify selling pressure if it appears.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 26 Nov 2013 12:46:55 GMT

USD/ZAR 4H Chart: Channel Up

Following a protracted period of consolidation beneath 10.50 that dragged on for the whole summer and a half of September, USD/ZAR seems to have finally commenced a robust recovery.However, in order to confirm its bullish intentions, the currency pair will first need to find support at the lower boundary of the emerging channel up, namely at 9.9082. Then it will

Tue, 26 Nov 2013 07:38:04 GMT

EUR/NZD 1H Chart: Channel Up

EUR/NZD has been trading in a 490-pips wide corridor for almost three weeks; the corridor represents a 266-bar long channel up pattern that started on November 7. According to the SWFX data, 60.00% of market players are bullish on the pair that adds to signs that the currency couple is likely to continue its winning streak thus prolonging the pattern.

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.