EUR/PLN 1H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy BanK SA
The EUR/PLN has been trading in a broadening falling wedge pattern for almost a month a now. With the trading range getting wider with every hour, the pair's current most probable scenario is a rally towards the wedge's resistance trend-line; however, the Euro first requires to pierce the 55-hour SMA, which is bolstered by the weekly R1. The given SMA might also cause the single currency to bounce back and extend the fall all the way towards the support line near the 4.2000 major level. Technical studies are pointing out on a possible consolidation, ranging between the 55 and 100-hour SMAs. Market sentiment is strongly bearish towards the Euro, as 72% of all positions are currently short.
© Dukascopy BanK SA
Back to articles

Actual Topics

Fri, 13 Nov 2015 14:43:04 GMT

HKD/JPY 4H Chart: Channel Up

After trading in consolidation for two months, the HKD/JPY currency pair appears to have entered a recover trend, namely an ascending channel. At the moment the pair keeps testing the channel's support line, a breach of which will doubtfully trigger a sharp sell-off, as a rather strong cluster of supports rests around 15.7700. Even in case this area gives in,

Fri, 13 Nov 2015 09:18:13 GMT

USD/JPY 4H Chart: Channel Up

The US Dollar is currently testing the ascending channel's support line, a confirmation of which is likely to send the USD/JPY soaring towards the monthly R2 at 123.50. A breach of this resistance would allow the Buck to retest the channel's upper boarder somewhere between 124.00 and 125.00 in the near future. Contrariwise, if the Greenback fails to find support

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.