USD/PLN 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Greenback is depreciating against the Polish Zloty in a descending channel, as the currency exchange rate has already passed two Fibonacci retracement levels. The currency pair is heading for the 61.80% Fibonacci retracement level, which is located at the 3.9250 mark. However, most recently the currency rate had a rebound against the channel's lower trend line, as the markets consolidated US Dollar's short positions, which caused a slight surge to the upside. Although, it can be seen that that surge might be at its end. Meanwhile, SWFX market sentiment is 73% bullish, which indicates at an upcoming decline, as the pair is already overbought.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 24 Mar 2017 09:31:16 GMT

GBP/CAD 1H Chart: Channel Up

After an uncharacteristic break of the upper trend-line of a descending triangle on the daily chart, GBP/CAD showed some more upside potential in a channel up pattern. The pair is currently testing the bottom boundary of the pattern and we expect it to bounce off and then target the top trend-line. There are, however, some downside risks to consider as

Thu, 23 Mar 2017 12:55:03 GMT

GBP/USD 4H Chart: Channel Up

The Pound continues to trade in an ascending channel against the US Dollar. However, new developments have pressured for a review of the situation. Most recently the short term channel seems to have encountered some sort of uncharted resistance. After a review, the high levels of those bounce offs were connected, and it can be observed that they are on

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.