EUR/JPY 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rising wedge emerged to guide EUR/JPY movements, showing a single downside breakout on the day the POTUS Donald Trump was elected. While currently supposed to move south, the pair has been distracted from the wave with a slightly bullish consolidation. We still look for the pair to reach the bottom trend-line around 115.40, and the pattern could be mature enough to break right then and there, shifting risk to 114.72/58, where several supply levels cluster. A bearish outlook is consistent with the uncertainty prevailing in markets upon recent polit-economic developments encouraging investors to shove wealth into safe haven assets.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 14 Nov 2016 09:50:03 GMT

NZD/USD 30M Chart: Falling Wedge

NZD/USD gained bullish potential inside of a falling wedge pattern, as highs became higher but volatility was lost on the downside. Currently moving towards 0.7115, the upper trend-line of the wedge, the pair will encounter supply at 0.7099, where the 20-period SMA lies. With SMAs weighing from above, the pair will face a tough journey that will eventually lead outside

Fri, 11 Nov 2016 14:13:04 GMT

XAG/USD 4H Chart: Ascending Channel

As previously analyzed and forecasted silver has broken out of a triangle pattern, which it formed while simultaneously being in and large scale descending channel and on a medium term in an ascending channel. The break out has occurred and the metal continues its path northward in the ascending channel to the large scale pattern's upper trend line. However, most

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.