USD/PLN 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Even though USD/PLN does already have a quite sharp slope to the downside, we expect a selloff to strengthen in the foreseeable future. The vast majority of trading levels are acting as resistances for the pair at the moment. Among them, the 200-period SMA and monthly pivot point are guarding the upper edge of the channel from the upside, while 100/55-period SMAs are placed exactly on the red trend-line. Bearish correction, projected by 63% of SWFX market participants and 4H technical indicators, will find it difficult to cope with the first demand at 3.8950 (weekly and monthly S1s). However, success here is essential for an even steeper plunge in the direction of 3.79, or pattern's southern boundary.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 10 Mar 2016 10:08:58 GMT

GBP/USD 4H Chart: Channel Down

The Cable trade was contained within the borders of a descending channel pattern for more than two months now. The outlook, however, is bullish, as the pair is supported by a strong cluster, represented by the 55 and 100-period SMAs, the weekly and the monthly PPs, just below the spot price. From here on we should see gains reach the

Wed, 09 Mar 2016 14:26:04 GMT

XAU/USD 1H Chart: Broadening Rising Wedge

Gold is going to confront the weekly pivot point very shortly, where there exists an upside risk for the price. The main reason: the pivot point is backed by the 200-hour SMA at 1,248 and the daily S2. Failure to overcome this support will renew the bullish outlook somewhat earlier than expected. For that purpose, daily technical indicators are showing

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.