USD/JPY 4H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Technically USD/JPY was in a very good position to commence a depreciation. Rectangle pattern was violated after the Yen appreciated above the 110.64 mark against the Dollar, which is the monthly S1 that guarded the pattern lower horizontal trend-line. At the moment the pair is trying to erode the second monthly support at about 108.70. In any case, the outlook is strongly bearish and the only major support should be met at 105.20, which is the October 2014 low. Another one is the 2014 low at 100.74. Moreover, traders of the SWFX market are not prepared to get rid of long positions (73%), meaning USD/JPY should potentially have more scope for a deeper selloff in the weeks and months to come.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 11 Apr 2016 06:50:59 GMT

EUR/USD 1H Chart: Channel Up

Both the short- and long-term outlooks on EUR/USD are bullish. Today the currency pair is expected to extend its current rally up to 1.1470/60, where we expect the Euro to start a downward correction. The downside, however, is limited, and not only by the lower boundary of the channel, but also by the rising support line that was established in

Fri, 08 Apr 2016 13:59:04 GMT

AUD/SGD 1H Chart: Channel Down

Likelihood of more gains in the near-term is quite high, as the AUD/SGD currency pair has recently bounced off the lower edge of the pattern. However, considering the nature of the channel down, we remain bearish in the long run, unless this cross manages to breach the red boundary currently placed at 1.0256. The latter-mentioned case is not the base

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.