EUR/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although EUR/PLN lacked a clear direction during several months, it managed to halt its sideways move in early December; the pair commenced a downside trend that led to a formation of the 108-bar long channel down pattern in mid-December. Being bounded by the pattern's trend-lines, the pair has been a subject to a heavy selling pressure that pushed EUR/PLN to almost a two-month low, near which the pair is trading now. In the foreseeable future, the currency couple may continue declining given bearishness on the market.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 24 Dec 2013 07:15:05 GMT

EUR/CAD 1H Chart: Channel Down

A sharp November's appreciation came to an end when the pair touched a three-year high on December 18 that became a start of the opposite trend; the currency pair commenced a sell-off, being trapped by two downward sloping lines. Despite the fact the pattern is relatively short, only 69-bar long, it has already erased some of the recent EUR/CAD gains,

Tue, 24 Dec 2013 07:14:43 GMT

CAD/JPY 1H Chart: Rising Wedge

The Canadian Dollar has been tilted to upside versus the Japanese Yen since mid-October; however, the most significant jump was performed only in mid-December when the pair started to form a rising wedge pattern that took it to almost a seven-month high. At the moment of writing, the currency couple was faltering not far away from this high and was

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.