USD/TRY 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/TRY formed an ascending triangle pattern, the upper boundary of which lies at the highest mark since at least 2009 thus representing a formidable resistance for the pair.
At the moment, the currency pair is trading close to the apex in a narrow range, only 70-pips wide, hence we may witness the breakout before long. Given that ascending triangle is a bullish pattern as well as that 85% of traders hold long positions, the pair may venture to surpass the upper limit of the pattern that may give the currency couple an impulse to attain fresh highs.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Jan 2014 07:53:39 GMT

EUR/CAD 1H Chart: Double Top

The peaks of the double top pattern formed by EUR/CAD are sitting near a five-year high, adding to chances that a sharp appreciation started in mid-December will soon come to an end as the pair may appear not strong enough to sustain this rally. However, the single currency is not rushing to lose ground versus the Canadian Dollar; the currency

Thu, 16 Jan 2014 07:54:08 GMT

GBP/NZD 1H Chart: Channel Down

After a rally in very beginning of January, the British Pound lost its spree and started to depreciate versus the New Zealand Dollar. The drop has been developing within the channel down pattern that originated at a two-year high of 2.0315. Currently the pair is vacillating between its 200- and 50-hour SMAs, with its short-term SMAs acting as a strong support

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.