EUR/PLN 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
All kinds of triangles are highly attractive for traders, as when trend lines converge the price is highly volatile. Hence, traders can make substantial profit in a short period of time. EUR/PLN is not trading in boundaries of the triangle anymore, however, we have not received a confirmation from the trading volume, hence, it can be a formation of the throwback, but not a breakout. Moreover, this idea is supported by technical indicators. According to aggregate indicators, the pair will move back into pattern's boundaries, and only than perform a strong rally. The key level for long traders is located at a recent high and a daily R3 at 4.2082.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 24 Mar 2014 16:27:39 GMT

EUR/SEK 4H Chart: Descending Triangle

Another triangle was formed by EUR/SEK on February 12 when the pair refused moving above important psychological level of 9.00. When having a look at the historic performance, we see that the pair has been experiencing difficulties around the 200-period SMA, where it stuck right now. Therefore, a move above it will be a bullish signal, while a dip

Mon, 24 Mar 2014 14:25:02 GMT

NZD/CAD 1H Chart: Channel Up

NZD/CAD has been in the up-trend for quite some time, but it seems to be respecting new rising lines. And while the upper one creates potential selling area at 0.988, the currency pair is testing the lower one at 0.9562, which needs to withstand the current selling pressure and direct the rate north.Conversely, if it gives in instead, the kiwi

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.