USD/PLN 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For little more than 80 hours USD/PLN has been trading between two converging trend-lines. However, the currency pair has already reached the apex of the pattern, meaning we are likely to see more activity in the exchange rate, volatility of which has been diminishing with each trading hour lately. A break-out usually implies sharper moves and we expect a sell-off in the nearest future.
Trading indicators at the moment are mixed on the most relevant time-frames, but there is an advantage of bearish traders (55%) over the bullish ones (45%), even though minimal.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 16 Jul 2013 06:48:14 GMT

GBP/NZD 1H Chart: Triple Top

Since Jul 9 GBP/NZD has been consistently recovering from a low of 1.8865, delaying advancement only on a few occasions and for short periods of time. It was 60 hours ago when the price encountered a formidable resistance area at 1.9469, which did not let the British Pound to move any higher. On the other hand, the dips initiated at

Mon, 15 Jul 2013 14:31:11 GMT

XAU/USD 1H Chart: Channel Up

After reaching a low of 1180.86 on June 28, gold is starting to recover versus the greenback and even formed a channel up pattern, with 65% quality and 60% magnitude, suggesting we might observe the appreciation of the pair for some time. Even though technical indicators on three different timeframes are sending mixed signals, market sentiment is strongly bullish (73%),

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.