EUR/TRY 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukasopy Bank SA
© Dukascopy Bank SA
The single currency has been appreciating versus the Turkish Lire since April and after hitting all-time high on August 28 the pair entered a period of consolidation and since that time has been bounded in a 1500 pips range. Pair's future outlook, however, is unclear, as tools of technical analysis are suggesting tow possible strategies. 75% of traders are holding short positions, while indicators on a daily chart are sending "sell" signals, suggesting the short and mid-term outlook is bearish. Indicators on a 4H and weekly charts, however, are pointing to a different direction. Meanwhile, s slight majority of all pending orders (56%) are placed to sell the pair, suggesting a move to the south.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 29 Nov 2013 11:13:31 GMT

CAD/JPY 4H Chart: Rising Wedge

CAD/JPY has formed a 82-bar long rising wedge, which indicates confident uptrend. Despite the fact the pair is fluctuating only in a 90 pips range, a move above pattern's resistance can be expected. This idea is supported by a vast majority of technical indicators on 4H and daily charts. Nevertheless, before a strong move to the north, a retest

Fri, 29 Nov 2013 07:42:06 GMT

USD/SGD 1H Chart: Channel Up

Having dropped to a one-week low on November 19, the U.S. Dollar commenced a sharp appreciation against its Singapore's counterpart that has lasted for 153 hours already. The appreciation took place within the boundaries of the channel up pattern that started also on November 19. At the moment of writing, USD/SGD vacillated not far away from a two-month high reached

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.