USD/NOK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although the US Dollar is making attempts to rebound and prevent a new leg down against the Norwegian Krone, we suspect this currency pair will not avoid a selloff. First of all, the spot is placed very close to the 200-hour SMA, which is followed by the weekly pivot point. They both are guarding the upper edge of the pattern. Moreover, the daily technical indicators are bearish on the Greenback. The only upside risk is the 55-hour SMA, currently at 8.2362, which seems to be the only support able to contain the bearish pressure. However, in case there is a surprising spike above 8.29, then it will be difficult to rule out further gains in the direction of the February high at 8.7615 in the long run.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Apr 2016 14:00:09 GMT

GBP/USD 4H Chart: Falling Wedge

The Cable's trading range is gradually narrowing down. It has already led to an emergence of the falling wedge pattern. On the one hand, future risks can be skewed to the upside, which is implied by the pattern's nature. On the other hand, very few signals are indicating there is going to be a rally of the Pound. At first,

Fri, 15 Apr 2016 06:45:50 GMT

USD/JPY 1H Chart: Channel Up

The currency pair is currently undergoing a correction phase within the bullish channel after plunging 4.5 yen since the beginning of the month. Accordingly, the bears should eventually retake control of the pair, but for the time being there is a good chance the rate will rise, especially considering that the hourly and four-hour technical indicators are mostly pointing north.

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.