USD/SEK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar has been appreciating relative to the Swedish Krona since the first quarter of 2014, when it traded at 6.33. But because of a lack of momentum USD/SEK is currently struggling to overcome an obstacle at 6.50. Accordingly, while in the short run the exchange rate is likely to decline a little more, eventually the pair should resume the rally. For the time being resistance is at 8.43, while the buying pressure may be already felt at 8.29, namely at the current location of the 200-period SMA. In the meantime, an overwhelming majority of the SWFX market participants are pessimistic regarding the ability of the Greenback to gain value—71% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 02 Mar 2015 07:49:03 GMT

NZD/CAD 4H Chart: Channel Up

The outlook on NZD/CAD is bullish. First, the currency pair has recently formed an upward-sloping channel. Second, most of the technical indicators on all three relevant time-frames are currently pointing up.However, there is a strong resistance level at 0.94 that may prevent further appreciation of the New Zealand Dollar, represented by the 2014 Jun and Jul highs. If this obstacle

Fri, 27 Feb 2015 15:34:04 GMT

GBP/AUD 4H Chart: Channel Down

As a rally from 1.84 started on Jan 21 failed to extend beyond 2.00, GBP/AUD began trading in a downward channel. At the moment the ceiling is seen at 1.99, while there is a high chance of a short-term bullish correction if the currency pair approaches the lower boundary of the channel at 1.96. However, the bears are not expected

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.