USD/PLN 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A jump to a five-month high of 3.1622 initiated a steep decline of USD/PLN and eventually led to a formation of the triangle. Now the currency couple is still locked by the pattern's trend-lines but is likely to break the chains before long since the pair almost approached the apex. Despite proximity of the apex, the pair still has not chose to follow a clear trend, adding to signs that USD/PLN seems to be willing to keep the intrigue about the direction of the breakout as long as possible. This is further supported by mixed market signals, with market players being only slightly bullish on the pair and technical indicators sending ‘sell' signals for medium and long terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 26 Feb 2014 07:54:33 GMT

EUR/CHF 1H Chart: Falling Wedge

A 194-bar long falling wedge pattern was formed by EUR/CHF on the one-hour chart in mid-February. The pattern represents a part of the long-lasting losing streak commenced after the pair reached a two-month high of 1.2395 in the very beginning of the year. At the moment, EUR/CHF is trading slightly below the daily pivot point that lies at 1.2200 but

Wed, 26 Feb 2014 07:41:23 GMT

EUR/USD 1H Chart: Double Top

EUR/USD has been following an upward trend since mid-February when the instrument started to shape a double top pattern. The most bullish part of the pattern was ended at a six-week high of 1.3773. Although the pair has already started a retreat from the second peak of the pattern, it is still well-above the neck-line sitting at 1.3685. The main

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.