EUR/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is being pushed to the upside against the Yen by bullish factors from the Euro zone and broad weakness of the Japanese currency. EUR/JPY has just recently penetrated the monthly R2 at 137.93 and continues heading upwards. The pattern's resistance is located within a distance of one figure, but it is strongly guarded by the monthly and weekly R2 from both sides of this line. Short-term technical studies assume the pair will manage to advance towards this important mark; however, daily and weekly studies are mixed on longer-term perspectives of the pair. Moreover, there is no distinct advantage of either long (49%) or short (51%) opened trades.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 03 Jun 2015 08:55:53 GMT

EUR/AUD 1H Chart: Rising Wedge

The EUR/AUD currency pair has entered a rising wedge pattern on the 22 of May. After a rather sharp sell-off, the Euro managed to regain the bullish momentum, but only to find resistance at the pattern upper border at the end of the month. Since then the pair experienced significant volatility, bouncing back from both pattern borders. Right now

Tue, 02 Jun 2015 14:08:04 GMT

NZD/USD 1H Chart: Channel Down

This working week managed to provide bulls with major impetus, which is pushing the NZD/USD currency pair to the north. Positive performance has been especially noticeable after the midday on Tuesday. In case the pair jumps above the weekly PP at 0.7172, it will encounter the next resistance in face of the upper trend-line of the bearish pattern. Considering neutral

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.