USD/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Between mid-November and the very beginning of December, USD/PLN was trading almost flat, fluctuating near its 50- and 200-hour SMAs. The beginning of December brought changes to the pair's trajectory; in particular, the pair dived below its 200-hour SMA and commenced a decline. The drop was developing inside the channel down pattern-a corridor formed by two downward sloping lines. At the moment of writing, the pattern was relatively short, only 70-bar long, but given bearish market sentiment as well as formidable resistance zone at 3.0625/53 the pair may prolong the pattern in the foreseeable future.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Dec 2013 07:55:02 GMT

EUR/DKK 1H Chart: Rising Wedge

A 284-bar long rising wedge pattern shaped by EUR/DKK was started on November 18. Being trapped by two gradually converging lines, the currency pair was unable to perform large fluctuations and was vacillating near its short- and long-term SMAs. Currently, the pair is trading above both SMAs, albeit slightly; the 50-hour SMA is sticking to the pattern's support and coupled

Mon, 09 Dec 2013 07:54:42 GMT

GBP/CAD 1H Chart: Channel Up

The British Pound has been advancing for more than 200 hours; the climb was performed within the boundaries of a channel up pattern. Recently, the pair has attained a five-year high at 1.7551; a stab to this peak provoked a sharp decline to the pattern's support line, close to which GBP/CAD is trading now. However, a further downside is unlikely

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.