EUR/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/USD has been trading within the corridor shaped by two upward sloping lines for more than a month. The pair once attempted to breach the upper limit of the pattern but it failed to consolidate above this significant resistance line and came back to the pattern's area. At the moment of writing, the pair was vacillating near the pattern's support; however, it was expected to catch momentum in the hours to come given that 53.48% of traders are bullish on the pair.
© Dukascopy Bank SA
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Thu, 26 Dec 2013 08:40:52 GMT

EUR/SEK 1H Chart: Triangle

EUR/SEK shaped a triangle pattern in the first days of December. Now the pair has almost approached the apex, meaning that the breakout is likely to appear soon. However, the direction of the breakout still seems obscure as market players are strongly bullish on the pair, whereas a recent drop to the pattern's support as well as formidable resistances

Tue, 24 Dec 2013 13:14:04 GMT

USD/SEK 4H Chart: Triangle

Even taking into account a lack of liquidity and low trading volumes before Christmas, USD/SEK represent a great opportunity for traders. The main reason behind this suggestion is the fact the pair is trading in boundaries of triangle pattern, which soon will be completed. Market sentiment, however, is not clearly marked, as 54% of traders are holding short positions.

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