EUR/SEK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency continues to decline against the Swedish Krona in two descending channels, while simultaneously being highly affected by Fibonacci retracement levels. The retracement levels are measured by connecting the 2016 high level of November 9 with the 2016 low level of April 21. Most recently the currency exchange rate rebounded against a combined support level of the 61.80% Fibonacci retracement level and the lower trend line of the medium term descending channel near the 9.47 mark. However, the trend line played the main role. As a result the rate is surging and it is most likely to do so until it reaches the medium term descending channel's upper trend line near the 9.55 mark.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 18 Jan 2017 15:51:03 GMT

USD/TRY 4H Chart: Descending Triangle

The Greenback is declining against the Turkish Lira in a medium term descending channel. However, that might soon change. Together with the 23.60% Fibonacci retracement level of 3.7248 the upper trend line of the medium term channel is forming a descending triangle pattern. Simultaneously the currency exchange rate is in an ascending channel pattern, and its lower trend line is

Wed, 18 Jan 2017 09:19:47 GMT

AUD/CAD 1H Chart: Rising Wedge

AUD/CAD has been trying to abandon the half-year low of 0.9668 by establishing a decent uptrend, which now appears to be unsustainable as the pair has entered a rising wedge. The pattern is expected to break to the downside with a prominent dip and a retracement, followed by a further slide. With the rate currently attacking the upper trend-line of

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.