USD/NOK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A decline from a four-year high of 6.3151 hit by USD/NOK early February led to formation of the 218-bar long channel down pattern.
 USD/NOK is likely to extend its losing streak in the hours to come, taking into account the SWFX sentiment- more than 76% of all orders are placed to sell the pair. If this comes true, the pair may plunge below 5.9334/11 (four-hour PP, S1; daily S1) and then it is likely to test 5.9286/59 (daily S2; four-hour S2, S3). A dive below the latter support zone will push to the fore the level of 5.9231/03 (dailyS3; 50-bar SMA) that is the last defence against a slide to the lower limit of the formation.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 May 2014 08:02:44 GMT

CHF/SGD 1D Chart: Channel Up

For the past 12 months the Swiss Franc has been generally appreciating relative to the Singapore Dollar, which allowed the currency pair to form a high-quality bullish channel. And while the upper boundary of the pattern has recently been confirmed (Mar 13), the lower edge is yet to prove its reliability as the support. However, the downside risks have increased,

Mon, 19 May 2014 06:47:47 GMT

EUR/NZD 4H Chart: Channel Down

The Euro has been depreciating against the New Zealand Dollar since late December when it rose to a five-month high of 1.7004. At the moment, the pair is trading within one of the bearish formations-channel down pattern. The instrument entered the corridor in the last days of April and is not likely to exit it soon. In the foreseeable future,

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.