USD/NOK 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After lacking direction for more than two months ended late January, the U.S. Dollar performed a sharp advance to a four-year high of 6.3158 against the Norwegian Krone that marked a start of the 458-bar long descending triangle pattern.
Now the pair is swinging above the upper boundary and the proximity of the apex increases chances that the breakout has occurred. At the same time, market players are not in favour of this view, being bearish in 66.67% of cases. If traders' expectations materialize, the pair will drop below the upper limit after being clung to this level for more than 16 hours thus confirming that we still have to wait for the real breakout to happen.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 27 Feb 2014 07:57:55 GMT

HKD/JPY 1H Chart: Rising Wedge

The pair of two Asian currencies, HKD/JPY, has been following the up-trend since mid-February. However, the climb performed within the boundaries of the rising wedge pattern has been too mild to help the pair to recover losses after it plunged to almost a four-month low of 12.9745 early February. At the moment, the pair is hovering above the short and long-term

Wed, 26 Feb 2014 12:35:13 GMT

CAD/CHF 4H Chart: Channel Down

CAD/CHF has been in the down-trend for quite some time already, but right now we would rather focus on the price's behaviour particularly this year, as it forms a high-quality bearish channel.Early this month the loonie has been undergoing a bullish correction, but not so long ago the currency pair hit a down-trend resistance line, which initiated a sell-off. Accordingly,

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.