EUR/USD 4H Chart: Channel up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/USD has failed to stay inside the bounds of an ascending channel pattern it had been forming since the beginning of July. The pair plunged more than one percent over the last trading session, but is yet to break support at 1.1180 where August 16 lows lie. There is reason to believe that the rate will continue its way south to test August 15 lows at 1.1155 and 1.1135 after that. On a bigger time-frame, however, very strong support and resistance has been formed at 1.0502 and 1.1465 respectively. The pair has been bouncing in between these lines since the beginning of 2015; therefore, taking into account reduced volatility in year 2016, it is quite unlikely that any of these lines are going to be broken during this year. The aggregate technical indicator gives mixed signals through different time-frames, not allowing to exclude the possibility of an upward movement as well. In case the rate does recover, resistances at the weekly PP (1.1245) and 55-period SMA (1.1289) will be the first targets.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 29 Aug 2016 11:16:04 GMT

USD/RUB 4H Chart: Channel Up

The US Dollar is in an ascending channel pattern against the Russian Ruble, as the currency exchange rate is moving to the pattern's upper trend line. Previously, the rate rebounded against the pattern's lower trend line at 63.6280. On its way to the pattern's upper trend line the pair is set to struggle against various resistance levels, as all of

Mon, 29 Aug 2016 09:21:24 GMT

USD/CHF 4H Chart: Falling wedge

The USD/CHF currency pair has just broken the falling wedge pattern it has been following since the last week of July, implying that a trend reversal is likely to take place. Ahead of a rally towards the 0.9841/51 level, the pair will bounce from the top trend-line of the wedge at 0.9689. The bottom trend-line of the upward channel formed

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.