USD/DKK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The USD/DKK pair has been moving sideways since July and it seems that the pair has found a strong support at 5.3438, a level that has not been penetrated for more than 3 years. Market sentiment (73%) and technical indicators on the 4H chart are suggesting the short-term outlook is bullish and the pair will bounce back from the 200-period SMA and head towards pattern's resistance line. A penetration of the upper trend line, however, is unlikely, as indicators on a daily and weekly charts are sending ‘sell' signals, therefore, the long-term outlook is bearish. A move below 5.4017 will clear the way for a weekly and daily support at 5.3884 and then to a weekly S2 at 5.3718.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 22 Apr 2014 12:25:16 GMT

GBP/AUD 4H Chart: Channel Down

After peaking at 1.9189 on January 24 the Pound began losing ground versus the Aussie. The trend has an explanation from the fundamental analysis, however, what is more important, is the fact, the pair has been moving perfectly within the Fibonacci retracement since March 12, 2013. Just 12 days ago bears made another attempt to penetrate the lower trend line,

Tue, 22 Apr 2014 06:03:58 GMT

NZD/CAD 1H Chart: Triangle

After a false breakout a day earlier, NZD/CAD re-entered the 123-bar long triangle it has been forming since the beginning of the month. Currently, the pair is vacillating close to the apex that will be reached later in the day. This solidifies the view that the real breakout is looming; however, the direction of the exit is not clear since

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.