EUR/SEK 4H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As EUR/SEK bottomed out at 8.75 early this year, it managed to commence a robust recovery. However, the Euro encountered a tough resistance level near 9.14, which for now is keeping the bulls at bay. As a result, there is an ascending triangle emerging, and this implies an eventual break-out to the upside.
Still, the currency pair needs to confirm the rising support line (reinforced by 200-period SMA) at 9.0415 first. Otherwise, the price will be expected to fall at least until 8.9964, and the outlook will then likely change from bullish to bearish. As for the sentiment of the SWFX market—as many as 63% of open positions are currently long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 11 Jun 2014 13:07:09 GMT

GBP/USD 4H Chart: Falling Wedge

Being unable to cross the resistance at 1.70, GBP/USD was forced to enter a downward trend. Nevertheless, there are certain signs telling the currency pair is about to breach the down-trend resistance line at 1.6828 and re-test the May 6 high, the main being formation of a reversal pattern—a falling wedge.On the other hand, the Pound will also have to

Wed, 11 Jun 2014 06:39:50 GMT

AUD/CAD 1H Chart: Double Top

AUD/CAD decline started somewhere near a two-month low of 1.0011 reached late May and a few days later the pair embarked upon formation of the 118-bar long double top pattern. Several hours earlier, the pair started a retreat from the second peak of the formation. Surprisingly, the weakness was short-lived as the 50-hour SMA at 1.0214 managed to mollify selling pressure

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.