USD/SEK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following an attempt of the currency pair to pierce through 6.7080 on Nov 13 USD/SEK entered a downward-sloping channel and still preserves the bearish momentum.
Considering that the currency pair is right at the upper down-trend resistance line, the current rally is expected to be stopped and turned around by 6.5354 (this supply area is strengthened by the daily R1 and 200-hour SMA), despite the fact that most of the hourly and four-hour technical studies are presently giving ‘buy' signals. The bearish scenario is favoured by the majority of SWFX market participants, given that 72% of them are holding short positions on USD/SEK.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Dec 2013 07:54:42 GMT

GBP/CAD 1H Chart: Channel Up

The British Pound has been advancing for more than 200 hours; the climb was performed within the boundaries of a channel up pattern. Recently, the pair has attained a five-year high at 1.7551; a stab to this peak provoked a sharp decline to the pattern's support line, close to which GBP/CAD is trading now. However, a further downside is unlikely

Fri, 06 Dec 2013 14:54:44 GMT

EUR/CHF 1H Chart: Channel Down

Being unable to sustain a recovery beyond the 200-hour SMA, EUR/CHF commenced a down-trend that persists until now. At the moment the price is probing the lower boundary of the corridor at 1.2236, this support is also reinforced by the daily S2 level. Accordingly, there is a high probability that the currency pair will start a bullish correction, which is

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.