HKD/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
HKD/JPY has been locked in a narrowing trading range bounded by two steadily converging, upward-sloping lines for the last 64 hours.
 Now the pair of two Asian currencies is headed towards the lower trend-line of the rising wedge pattern but the 50-hour SMA at 13.0911 is preventing HKD/JPY from confirming the pattern's limit one more time. Technical indicators suggest the pair is not likely to overcome this resistance in the next hour but there may be a rebound in the medium-term followed by a decline in one-day perspective.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 23 Jul 2014 06:45:01 GMT

EUR/CHF 1H Chart: Triangle

After being in the down-trend during almost two months ended early July, EUR/CHF levelled off and by the middle of the month entered a symmetrical triangle that is circa a hundred-bar long. The instrument now is vacillating in only a five-pips wide range and the trading area is likely to continue narrowing since the triangle trend-lines are due

Tue, 22 Jul 2014 13:31:59 GMT

USD/NOK 4H Chart: Triangle

While on the 4H time-frame the chart looks more like an ascending triangle, an hourly chart resembles a symmetrical triangle. In any case, both patterns suggest the general bullish trend is going to persist. Accordingly, the consolidation should come to an end before we reach the apex of the triangle (Jul 29) by a break-out to the upside. This scenario

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.