USD/DKK 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The greenback has been losing ground against the Polish Zloty since November 19, and the downside trend is likely to persist until 10. On this date the upper and lower trend lines of a descending triangle pattern will converge, meaning the pair can added to its losses, or rocket higher, and start the rally. Just recently bears made an attempt to penetrate the lower trend line, however, after piercing it, the price bounced back and is now approaching the 200-hour SMA. At the same time, aggregate technical indicators are sending "sell" signals, pointing at a downside breakout. In this case, short traders could focus on a weekly and 4H support at 5.4687.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 05 Dec 2013 12:57:09 GMT

AUD/CAD 4H Chart: Channel Up

AUD/CAD has been in a down-trend since the last days of October, being unable to advance beyond 1.0050. More recently, during the last 100 bars, the currency pair formed a bearish channel. Taking into account that the price has just bounced off the upper edge of the pattern at 0.9734, there is a high possibility that the Aussie will move

Thu, 05 Dec 2013 12:56:53 GMT

EUR/USD 1H Chart: Rectangle

Since December 5 morning the EUR/USD has been highly volatile, penetrating strong resistance at 1.3618. However, the pair pulled back and is not trading in boundaries of a rectangle and ascending triangle patterns' boundaries. Both patterns are likely to be completed soon, as the majority of aggregate technical indicators is sending "buy" signals, and a recent throwback is just another

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.