USD/SEK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar in its cross with Swedish krona is approaching the lower boundary of the bullish channel, which will determine the future development of the pair. If the pattern's support is breached, as suggested by medium-term technical studies, then the Greenback is going to fall down to weekly S1 at 7.2864 in the long-term. This level, in turn, may provide enough support for the pair to commence a recovery, as assumed by daily technical indicators. In case of failure to cross the trend-line, the US dollar may bounce back to trade at weekly pivot point around 7.35. Traders, however, are broadly undecided on the pair's future, as bullish and bearish positions are equally divided for the time being.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 07 Nov 2014 08:37:22 GMT

GBP/USD 1H Chart: Falling Wedge

Through last two months the GBP/USD cross has traded in the boundaries from 1.59 to 1.63. Nonetheless, now the pair seems to be going for lower levels, as a falling wedge pattern has formed. The pattern's support line at 1.5823 is being challenged at the moment; however, it seems rather strong together with the monthly S1 at 1.5833. At the same

Thu, 06 Nov 2014 13:47:03 GMT

AUD/SGD 1H Chart: Broadening Falling Wedge

The Australian currency has just bounced from the lower boundary to start trading in the northern direction. However, on the pair's way to the upper trend-line it is going to face a number of strong resistances, which are likely to prevent the easy case of reaching the pattern's resistance at 1.1260. In case of failure on any of them, the

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.