EUR/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/JPY failed to step above the nine-month high of 123.43, showing the fourth consecutive unsuccessful attempt, this time not even touching it. The pair has now sketched a channel down pattern on the hourly chart which appears to be still holding strong. It is currently in the middle of the pattern and on its way towards the bottom trend-line around 120.96. The recent stickiness of the upper trend-line has given out some slightly bullish signals, but a solid test of the bottom boundary could once again shift potential to the downside and the pair appears to be doing just that.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Mar 2017 08:19:56 GMT

EUR/GBP 1H Chart: Channel Down

EUR/GBP fell short of posting a second successful attempt at the January high of 0.8842 and broke the nearly perfect channel up pattern to sketch another one in the opposite direction. The pair has just confirmed the trend-lines enough to make the pattern at least somewhat credible, meaning that we will look for a fall to the bottom boundary at

Wed, 15 Mar 2017 13:56:31 GMT

CAD/CHF 4H Chart: Channel Down

The Canadian Dollar is trading simultaneously in three descending channel patterns against the Swiss Franc. However, clues indicate that the currency exchange rate is about to surge in the near future. The pair has reached the lower trend line of the dominant, large scale descending channel. After two attempts to pass it the currency pair rebounded, and most recently

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.