EUR/TRY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the period of elevated volatility in the second half of January, spurred by bold actions of the Turkish central bank, the currency pair has calmed down and already for the past 150 hours has been trading in a narrow downward-sloping channel. Considering that EUR/TRY has recently bounced off the upper boundary of the corridor, it is likely to move towards the support at 2.95, while being capped by the resistance at 3.03, which is formed by the daily R1, 200-hour SMA and the falling trend-line. And while most of the technical indicators are giving ‘sell' signals, SWFX traders are not convinced by these arguments—48% of them are holding long and 52% are holding short positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Feb 2014 12:55:00 GMT

GBP/AUD 1H Chart: Channel Down

Advancement of GBP/AUD stopped late January, when the currency pair hit the resistance at 1.92. During the next two weeks the Sterling was depreciating relative to the Australian Dollar, resulting in emergence of the channel down pattern.Being that the exchange rate has been fluctuating near the falling trend-line lately, the risks were heavily skewed to the downside. However, because of

Wed, 12 Feb 2014 07:41:33 GMT

NZD/USD 1H Chart: Rising Wedge

The New Zealand Dollar accumulated enough strength during its slide to a five-month low of 0.8053 against the U.S. currency to perform a steep rally that sent the pair more than 200 pips higher in less than one day. After that, the pair lost momentum but continued to appreciate, being trapped by two gradually converging lines. At the moment, the

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.