USD/SEK 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Due to strong selling pressure in February and March USD/SEK went from 6.56 down to 6.33. Nevertheless, in March the currency pair found a tough support level that helped it commence a recovery. As a result, the U.S. Dollar is now probing some of the key 2013 highs at 6.70, which are likely to initiate a dip that in turn may extend down to the lower edge of the rising wedge at 6.55, even though most of the four-hour and daily technical indicators are currently bullish. Here the rate may start another bullish wave, but if the up-trend support is breached, the first target is likely to be May 8 low at 6.46, followed by the Mar 18 low near 6.33.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 10 Jun 2014 13:21:01 GMT

AUD/NZD 4H Chart: Channel Up

After hitting the support at 1.0650 AUD/NZD received enough momentum in order to form an upward-sloping channel. Accordingly, the outlook is positive. However, there are considerable downside risks in the near term, since the exchange rate is fluctuating just beneath the upper trend-line and Jun 4 high. Consequently, it is more likely for the Aussie to back down to the

Tue, 10 Jun 2014 11:54:04 GMT

EUR/JPY 4H Chart: Channel Down

The EUR/JPY pair has been moving sideways since the beginning of this year. Though a formation of the channel down pattern is a clear indication of the downward trend, the decline is not that steep and the pair is approaching a strong support at 137.98. Aggregate technical indicators as well as pending orders in a 100 pips range, are all

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.