EUR/NOK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro entered a new channel down pattern on May 25 against the Norwegian Krona. The currency pair was in a channel down patter for a long time on a larger scale. However, there was an upward trend from the middle of April to the start of the most recent pattern, which continues previous depreciation trend. The current channel's trend lines have been confirmed two times, with the upper trend line about to be confirmed third time, if the pair continues depreciating further on Monday. The upper trend line is supported by the monthly pivot point at 9.3139, and on its way down the currency exchange rate faces all of the SMAs, the weekly PP and S1 at 9.2790 and 9.2371 respectively and the monthly S1 at 9.2281.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Jun 2016 13:25:05 GMT

CAD/JPY 1H Chart: Channel Down

The Canadian Dollar has been depreciating against the Japanese Yen in a channel down pattern on the hourly chart since May 24. At the moment, the currency exchange rate is at 83.05 and will likely continue to move downwards. The depreciation is confirmed by not only the channel down pattern, but also the fact that the pair just got out

Mon, 13 Jun 2016 08:46:09 GMT

CHF/JPY 1D Chart: Channel Down

Starting from last year's June, the Swiss Franc has been consistently underperforming the Japanese Yen, which has eventually led to formation of the bearish channel. Accordingly, we expect any near-term rallies to be capped at 113 yen, while the current target is the green trend-line at 105.50, as suggested by the technical indicators in all relevant time frames. However, we

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.