EUR/RUB 4h Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Although the headline suggests that the common European currency is surging against the Russian Ruble, a decline is to be expected. The reason for that is the fact that the currency pair has hit the resistance of the dominant channel, which is an almost horizontal one. The pair is likely going to face the combined support of the 200-period SMA at 61.67, the 23.60% Fibonacci retracement level at 62.43 and the lower trend line of the junior pattern near the 62.50 mark. It is highly possible, that by encountering the support levels, the currency exchange rate will reveal a new junior pattern, which will guide the rate lower.
  Level  Rationale     Indicator 4H 1D 1W
R4 65.75 Trend line     MACD (12; 26; 9) Buy Buy Sell
R3 65.18 Weekly R1     RSI (14) Neutral Neutral Neutral
R2 64.70 Trend line     Stochastic (5; 3; 3) Sell Sell Sell
R1 64.47 Monthly R1     ADX (14) Sell Neutral Sell
S1 63.42/29 Weekly PP; monthly R1     CCI (14) Neutral Neutral Sell
S2 63.09 55-period SMA     AROON (14) Buy Buy Buy
S3 62.42/13 Trend lines; 100-period SMA; weekly S1     Alligator (13; 8; 5) Buy Buy Sell
S4 61.67 200-period SMA     SAR (0.02; 0.2) Sell Buy Buy
          Aggregate → ↗ ↘
Back to articles

Actual Topics

Tue, 23 May 2017 08:24:24 GMT

CHF/SGD 4H Chart: Channel Up

The Swiss Franc is trading against the Singapore Dollar in simultaneously in the two ascending channels. The junior channel began to form shortly after the currency rate bounced off from the bottom edge of the dominant channel and then surged again to the previous levels. For the moment, the pair is fluctuating right below the upper trend line of

Mon, 22 May 2017 11:17:07 GMT

USD/RUB 4h Chart: Channel Down

Recent developments on the USD/RUB currency pair have pressed for a review of the situation. The currency exchange rate has bounced off the upper trend line of a long term descending channel pattern. As a result the first boundaries of a medium term pattern can be already seen. Although it is almost impossible to pinpoint the junior pattern at the

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.