ZAR/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
First of all it has to be stated that the pair is simultaneously in two ascending channels. One of them represents the rates surge from the larger channel's resistance line. Moreover, the Fibonacci retracements which connect this year's high and low levels seem to slightly hinder the rates movements. Although they should be taken into account by a trader, they have not had the necessary strength to change the currency exchange rate's direction in one or either direction. Due to that it can be assumed that the recent bounce off of the 23.60% Fibonacci retracement is only temporary, and the currency pair is set to continue its surge until around the middle of November.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 21 Oct 2016 06:17:57 GMT

NZD/CHF 30M Chart: Channel Up

Trading flat for the last two sessions, NZD/CHF tapped the bottom trend-line of the one and a half week channel and is about to trigger a surge in between the channel lines. Historically, we expect the pair to stick to the bottom trend-line for a while, as it did on the latest wave north. The flattish uptrend should emerge instantly

Thu, 20 Oct 2016 11:49:03 GMT

EUR/CHF 4H Chart: Falling Wedge

The Euro is about to end its month long trading in the borders of a falling wedge against the Swiss Franc. The wedge is a representation of the currency exchange rates larger scale movements, specifically, it represents the rates fall from 61.80% Fibonacci retracement level to a combined support cluster made up of 38.20% retracement and a large scale channel

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.