EUR/SEK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency has been under bearish pressure versus the Swedish Krona on both the short and long-term time frames. In the one-hour chart EUR/SEK is rebounding at the moment, but a recovery seems to be fragile, and the pair may resume falling in the nearest future. It is currently consolidating somewhat above the daily PP and 55-hour SMA at 9.4050. Therefore, a sell-off is likely to be triggered by the next resistance represented by the pattern's upper edge/weekly PP just below 9.45. Meanwhile, technical indicators are moderately bearish with respect to the Euro, while the vast majority (70%) of SWFX traders are keeping short open positions.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 07 Sep 2015 08:20:57 GMT

USD/CAD 1D Chart: Channel Up

USD/CAD is nearing the upper edge of the bullish pattern, meaning that there are considerable risks of a correction, which may take place by the end of this year. However, before the pattern's resistance line, which is reinforced by the monthly R2, is tested the pair is required to overcome another supply, namely the monthly R1/Aug 24 high at 1.3345/58.

Fri, 04 Sep 2015 14:10:05 GMT

USD/JPY 1H Chart: Triangle

USD/JPY changed hands in the morning on September 3, when the currency pair registered its most recent peak at 120.71 and came under heavy selling pressure afterwards. It led to a penetration of a triangle's lower boundary, which was therefore confirmed by bears. At the moment the pair is trading near the Sep 1 low at 119.20, while technical studies

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.