EUR/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro remains in a short-term decline mode against the Japanese Yen, even though it is attempting to stop losing value. For now we see the 126.78 mark as the main obstacle for EUR/JPY, despite the fact that this level is not backed by any other technical support. Here the pair has been unable to dip lower for two times over the past two days. Therefore, there is a high chance the common European currency will be forced to resume growing within the pattern earlier than it is expected at the moment. Major rallies should be contained by the weekly R2/daily R1 at 127.56/61, as they are followed by the upper boundary of the pattern at 127.78. Meanwhile, SWFX sentiment is largely mixed (only 53% bullish).
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 30 Mar 2016 14:13:04 GMT

AUD/JPY 4H Chart: Channel Up

We are still waiting for the moment when the Aussie will commence a climb from the lower edge of the channel up pattern. There is a decent probability that AUD/JPY will succeed ultimately, because all major technical levels are located below the spot price. However,  bullish strength will be tested at the current March high near 86.42. The next resistance

Wed, 30 Mar 2016 07:44:09 GMT

XAU/USD 4H Chart: Channel Down

There is a potential bearish channel emerging in the four-hour gold chart, meaning the latest rally from 1,208 is about to come to an end. The ceiling is assumed to be at 1,253, where we expect the price to top out and begin a new downward wave towards the lower edge of the pattern. However, we should be wary that

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.