USD/SEK 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar recently reached the lower trend line of an ascending channel against the Swedish Krona. In addition, this move is consistent with the larger scale ascending channel, as the currency exchange rate bounced off its resistance last week. It also has to be mentioned that the large scale ascending channel is represents a breakout from a massive descending channel, in the borders of which the pair traded since the beginning of 2015. It is likely that the rate will rebound against the minor channel's support line, as the currency exchange rate is already oversold with 70.28% of open SWFX positions being short. In addition, daily aggregate technical indicators forecast that the pair will end the session higher than it was started.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 01 Nov 2016 13:13:06 GMT

GBP/CHF 4H Chart: Channel Down

As most exotic currency exchange rates the GBP/CHF is simultaneously trading in three patterns. In the case of the Pound against the Swiss Franc, all of these patterns are channels. First of all there is the minor descending channel, which represents the rates move from the medium term pattern's resistance to its support line. The medium term pattern revealed itself

Tue, 01 Nov 2016 06:49:06 GMT

NZD/USD 4H Chart: Symmetrical Triangle

NZD/USD took up some volatility to form a symmetrical triangle just to lose it again as the bounds became distinctly narrow. Currently targeting the upper trend-line at 0.7199, the pair is likely to weigh on the bottom boundry at 0.7157 on the following wave, and we will look for the level to break. The dip will be likely cut by

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.