EUR/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The pattern that is currently emerging in the four-hour chart of EUR/USD might be of low quality on the whole, but we are more interested in its upper trend-line, and it implies a strong sell-off next week. Resistance at 1.0950 is reinforced by the weekly R1 and January 4 high, making it a highly unlikely victim of today's potential rally, which is suggested by the four-hour technical indicators. However, at the same time we should note that there is a strong support area between 1.0840 and 1.0810, created by the monthly pivot point and the 200-period SMA. Once the pair is below this zone, the new target will be the lower boundary of the channel at 1.07.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 08 Jan 2016 08:20:05 GMT

USD/CAD 1H Chart: Channel Up

USD/CAD is in a good position to rally from the current levels. The currency pair has just confirmed the lower trend-line that is forming the ascending channel, meaning we are likely to see a new bullish wave within the pattern. Additional arguments in favour of the Greenback's recovery are the four-hour indicators and the fact that the US Dollar is

Thu, 07 Jan 2016 14:32:04 GMT

EUR/SEK 4H Chart: Channel Down

The Euro has benefited from a recent heavy market turmoil, also at the expense of the Swedish Krona. Since December-end the EUR/SEK cross added around 1.75%, by growing from 9.12 to above 9.28 by Thursday afternoon. It succeeded in violating important resistances, including 100 and 200-period SMAs and monthly PP. The closest major supply zone is already represented by 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.