USD/HKD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is depreciating against the Hong Kong Dollar on a larger, long term scale in a descending channel pattern. However, most recently the currency exchange rate was fluctuating in the borders of a channel up pattern, which occurred due to the currency pair finding support in an ascending line, which connects the various low levels of this year. Moreover, as the currency rate surged in accordance with the rising channel, it broke out of the larger channel and retreated later on. This clearly indicates that the momentum set by the support of the 2016 low levels is stronger than the channel down pattern, which means that traders have to look out for a new large scale pattern about to form.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Oct 2016 11:26:05 GMT

USD/NOK 4H Chart: Channel Up

As the Greenback gained strength in the past week against other currencies, the USD/NOK exchange rate has formed a short term ascending channel pattern in the borders of a larger, descending channel pattern. It also has to be noted that the currency exchange rate is heavily affected by the Fibonacci retracements, which connect the 2016 high and 2015 low levels.

Wed, 12 Oct 2016 08:17:30 GMT

HKD/JPY 30M Chart: Symmetrical Triangle

Losing volume by the bottom boundary of the week-old symmetrical triangle, HKD/JPY showed slight weakness by touching the trend-line repeatedly. While we do expect the pair to continue its way inside of the pattern with 13.3959 being the next target, it might take longer to get there, based on the flatness of the motion. SMA signals remain in favour of

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.