USD/PLN 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A drop to almost a one-year low on October 22 gave USD/PLN an impulse to climb. The pair took advantage of this upward pressure and commenced a sharp appreciation that has lasted for almost two weeks already. However, a formation of the channel up pattern started later, only on November 5. Now the pattern represents a particular interest as the pair breached the lower limit three hours ago that may be a signal that a bearish breakout occurred, meaning that a decline may be in place before long. Market sentiment supports this, with 66.67% of market participants being bearish on the pair.
© Dukascopy Bank SA
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Wed, 13 Nov 2013 07:05:32 GMT

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Wed, 13 Nov 2013 07:05:04 GMT

AUD/USD 1H Chart: Channel Down

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