EUR/JPY 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The EUR/JPY pair has been trading in boundaries of the channel down pattern since April 2. The latest bearish impulse was received on June 9, as the pair touched the 200-period SMA and bounced back, trading now between daily R2 and weekly S3 just in a 85-pip range. The key support is located at 137.72, however, according to ‘sell' signals from technical indicators, the pair will head towards this level anytime soon again. Market sentiment is not clearly marked, while pending orders in a 100-pip range are distributed almost evenly. We do not expect any significant movements on Friday, hence the pair will mostly continue fluctuating in the above-mentioned range.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 13 Jun 2014 13:43:07 GMT

USD/SGD 4H Chart: Rectangle

Rectangles are usually formed during a pause in the movement. In this particular case, the USD/SGD refused to move above 1.2793 and plunged to 1.2453. Since early April the pair has been trading in boundaries of the rectangle pattern, moving between two parallel trend lines, located at 1.2592 and 1.2453. This is a 137-pip range, hence, both quality and magnitude

Fri, 13 Jun 2014 13:03:08 GMT

GBP/NZD 4H Chart: Channel Down

Since the beginning of April the Great British Pound has been outperforming its New Zealand counterpart, which led to formation of the upward-sloping channel. Accordingly, the long-term outlook is positive. So is the short run, considering that GBP/NZD has just bounced off the lower trend-line at 1.9377, where we also have the weekly S3 and Jun 12 low.Presently,  currency pair

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.