USD/SEK 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is trading against the Swedish Krona simultaneously in three channel patterns. The situation is simple. On a large scale the Greenback is surging against the Krona in an ascending channel pattern. On a medium scale the rate is depreciating from the large scale pattern's upper trend line to the lower trend line in a simple channel down. Last but most important is the small scale channel up pattern, which represents the rates rebound in the borders of the medium channel. However, the short term ascending channel is about to become obsolete, as it already met resistance and a move lower has begun.
© Dukascopy Bank SA
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Mon, 26 Dec 2016 15:46:09 GMT

CAD/CHF 4H Chart: Channel Up

The Canadian Dollar is simultaneously trading against the Swiss Franc in two patterns. On a larger scale the currency exchange rate is depreciating in a descending channel, which is headed for the 23.60% Fibonacci retracement level, which is measured by connecting the 2016 high and low levels. In the meantime, the currency pair is also fluctuating in an ascending channel

Mon, 26 Dec 2016 12:47:04 GMT

EUR/SEK 4H Chart: Channel Up

Most recently the EUR/SEK currency exchange rate traded in a descending channel on a medium scale. However, that has ended, as the pair reached a larger scale pattern's lower trend line and rebounded. As a result an ascending channel has formed and revealed its borders. It is likely that the pair will surge in accordance with the newly formed pattern

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