USD/TRY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/TRY set foot in an ascending channel pattern on February 23, and has been respecting its bounds ever since. The pair has just hit the daily R1 at 3.7691 and is showing trouble to push through, suggesting that the up-wave might be complete for now and the bottom boundary might come into play sometime soon. Immediate support lies at 3.6659 and could be tested along with the channel trend-line later this session. On a larger scale, 3.8993 will be the ultimate high for an extended rally and corresponds to January highs.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 02 Mar 2017 11:31:12 GMT

GBP/NZD 4H Chart: Channel Down

The Pound is simultaneously trading in three various channels against the New Zealand Dollar, as the currency exchange rate has been depreciating for the past few weeks. On a large scale the pair is in an ascending channel pattern, and the two other patterns are directing the pairs bounce off from the dominant patterns resistance line. Most recently the currency

Thu, 02 Mar 2017 07:42:09 GMT

USD/JPY 1H Chart: Rising Wedge

USD/JPY set the bar at 118.30 in December 2016, but slipped later on and lost around 4% until this moment. The pair was attempting a soar, but diminishing lows led to a rise of bullish potential as a rising wedge emerged. Currently testing the bottom boundary of the pattern, the rate will most likely break 114.19, retrace from the trend-line

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.