USD/NOK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A three-day climb of USD/NOK performed inside a bullish channel pushed the pair to a six-month high of 6.2811 Jul 30. However, the instrument failed to settle at this high and is not likely to re-approach this peak any time soon since the pair has recently broken the lower trend-line of the 51-bar long formation. Consequently, we may observe an accelerating decline in the hours to come. The bearish scenario is further fortified by the SWFX data – more than 80% of all orders are placed to sell the pair. tAt the same time, technical data contradicts to the traders' view, pointing to a possible rise in the medium-term.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 31 Jul 2014 07:09:31 GMT

EUR/HKD 1H Chart: Channel Down

Since the very beginning of July, the single European currency has been in the down-trend against the Hong Kong Dollar and by the second part of the month the pair embarked upon formation of the channel down pattern. At the moment, the currency couple is sitting not far away from a one-year low of 10.3601 it reached a day earlier but

Wed, 30 Jul 2014 15:46:10 GMT

EUR/CAD 4H Chart: Double Bottom

There are a few signs the sell-off that was started in mid-March from 1.56 may be  already overstretched. Following an unsuccessful attempt of the currency pair to push through this year's low near 1.44, EUR/CAD broke the four-month down-trend to the upside, and there is a high possibility of a double bottom pattern emerging on the chart. A close above

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.