USD/SEK 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite a failure of USD/SEK at 8.50 in February, the overall outlook remains positive. The currency pair is currently forming a falling wedge, meaning in the end demand is expected to exceed supply. Once the pattern is broken to the upside, the US Dollar will be set to appreciate and re-challenge the Feb high at 8.5576.
However, this scenario may well not transpire in the coming days, as the pair is currently struggling at 8.3577, where the down-trend merges with the weekly and monthly pivot points, creating strong resistance. As for the SWFX market sentiment, at the moment there are noticeably more bears (57%) than bulls (43%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 06 Mar 2015 14:17:05 GMT

USD/RUB 1H Chart: Falling Wedge

After the extremely turbulent month of December for the Russian Rouble, volatility has declined significantly, while this currency started gaining value against the US Dollar. At the same time, trading range has been decreasing in course of February, meaning that it was the time for falling wedge pattern to emerge on a 1H chart. The long-term outlook for this cross

Fri, 06 Mar 2015 07:35:00 GMT

GBP/AUD 4H Chart: Channel Down

Though the market is bullish (GBP/AUD is in a distinct up-trend since Sep 2014), there is potential for a current decline to extend down to the six-month support line at 1.88 before the bulls regain control of the currency pair. In the near term, however, there is likely to be a short-lived rally. The Pound is currently facing strong demand

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.