USD/JPY 1H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/JPY will approach the upper horizontal trend-line in the next few hours of trading. This level of 121.50 is also guarded by daily and weekly R1 from below, while daily R2 is placed at 121.60. We expect some bearish pressure to be created in this area, especially noting that 70% of SWFX market participants are bearish with respect to US Dollar. Sentiment has deteriorated substantially during the past several weeks. Nonetheless, indicators on 4H and daily time-frames are giving positive signals to the cross. A violation of the pattern's upper edge will imply continuation of the bullish trend the pair has seen since the middle of October. Closest resistance to meet will be weekly R2 at 122.18.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Nov 2015 14:12:14 GMT

USD/CAD 4H Chart: Channel Down

By crossing the monthly pivot point and 100-period SMA, the USD/CAD currency pair is putting itself at risk of a sell-off in the nearest future. The nearest support to meet is placed around 80 pips below the spot at 1.30 (weekly S1). However, even more important demand is located at 1.2831 (monthly S1), and a breach of this mark will

Wed, 04 Nov 2015 08:20:05 GMT

CAD/CHF 1H Chart: Channel Up

The bullish momentum we have been observing since mid-October is facing some difficulties at the moment. CAD/CHF has recently failed to reach the upper trend-line, and now it is struggling near the weekly R1 level. Even if this resistance is broken, the main obstacle for a long-term recovery will still be present, namely the June high at 0.7651, meaning 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.