HKD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After a 2310 pips drop on November 7, the pair has started to recover, and at the moment of writing was trading at 13.143. Despite low trading volumes, the pair is approaching this year's high of 13.366. The upward trend is likely to continue, as technicals are sending "buy" signals, suggesting a move in pattern's resistance's direction can be expected. Moreover, even in case of a retracement, bears are likely to experience difficulties in a range between pattern's support and 200-hour SMA. At the same time, market sentiment remains strongly bearish, as 75% of opened positions are short, meaning in a short-term we can see a retest of daily resistance at 13.100.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 27 Nov 2013 14:58:50 GMT

USD/NOK 4H Chart: Rising Wedge

A 223-bar long rising wedge is moving to its apex and likely to be completed soon, as the price is testing pattern's support and bears were even able to close below the key level. At the moment of writing, the pair was fluctuating at 6.0799, just couple of pips below the Fibonacci retracement (23.60%). Market sentiment is not clearly market,

Wed, 27 Nov 2013 12:46:35 GMT

NZD/CAD 4H Chart: Rectangle

Since the mid-June the kiwi has been generally outperforming its Canadian counterpart. During this time NZD/CAD has covered the distance from a low of 0.7951 up to 0.8782. However, the currency pair has been unable to extend the gains beyond the latter level—the highest point since the summer of 2005.Consequently, even though the rectangle pattern usually implies continuation of the

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.