USD/PLN 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Along with many other Greenback crosses, the current pattern of the USD/PLN currency pair has been initiated in the beginning of July. Since then, the pair has covered almost 180 bars and is currently undergoing the bullish correction around the major level of 3.16. For the pair to continue growing, the next considerable resistance line is located at 3.1631 (weekly R1); however, we do not expect the U.S. Dollar to have any major problems with breaching the mentioned level in the foreseeable future. Moreover, technical indicators on the 4H chart support the idea of further rise. Market participants, however, are in favour of pair's decline, as more than 73% of all opened positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 22 Aug 2014 07:53:04 GMT

GBP/JPY 1H Chart: Broadening Rising Wedge

The pattern started to form relatively recently, namely on 15th of August or one week ago. Yesterday the pair reached the upper trend-line and since then it is sliding lower. The biggest obstacle for the pattern, to remain in effect, is around 171.50 level, as there is a cluster of support levels (200-period SMA; weekly PP; daily S3) that could

Thu, 21 Aug 2014 12:53:04 GMT

NZD/CAD 1H Chart: Falling Wedge

The falling wedge pattern on an hourly chart pair has been formed in the middle of the previous week. At the moment the pair is moving closer to the upper boundary of the pattern, changing hands around the weekly S1 level at 0.9191. Considering the nature of the pattern, the trading volume is decreasing along with the trading range, while

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.