EUR/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
One of the many currencies, which have formed patterns against the Japanese Yen in the recent trading sessions, is the Euro. The EUR/JPY currency pair is surging in a channel upward pattern on a short timeframe, as the rate remains in a descending channel on a larger scale. The channel upward pattern can be used to predict, how the currency exchange rate will reach the downwards aimed pattern's resistance line at around the level of 1.21. In accordance with the patterns and the daily aggregate technical indicators is a hypothesis that the larger scale's pattern's upper trend line will be reached some time during next week.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 05 Sep 2016 07:45:03 GMT

GBP/NZD 4H Chart: Descending Triangle

After having found stability in an ascending channel pattern, GBP/NZD broke out of the descending triangle it had formed since June. The channel has decent support which the pair has tested several times already, and is currently approaching again at 1.8147, implying that a downward breakout is quite possible. We believe that the pair will break the lower trend-line of

Fri, 02 Sep 2016 13:22:03 GMT

CHF/JPY 4H Chart: Rising Wedge

The Swiss franc is gaining strength against the Japanese Yen in a rising wedge pattern, as the currency exchange rate is surging to another pattern's upper trend line. On a larger scale the currency pair is in a channel down pattern on the weekly timeframe. Moreover, the pair has just recently broken out of a triangle patter, and the resulting

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.