USD/PLN 1H Chart: Channel up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/PLN put an end to the month-long downfall by setting a ground at 3.9810 where it began to sketch an ascending channel pattern. The pair had attempted to exit the pattern at the very beginning to create a steeper motion north, but was unsuccessful and returned inside the bounds of the formation. The breakout, however, served as a starting point for a junior channel up with a flatter slope and the next wave down will show whether the pair still follows the senior pattern or if tables have turned in favour of the junior one. We will look for signals around 4.0560 and then 4.0495 – the bottom boundary of the junior pattern to see whichever holds.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 15 Feb 2017 13:06:03 GMT

USD/CNH 4H Chart: Channel Up

Recently the US Dollar formed an ascending channel against the Chinese Yuan. The reason for the formation of the pattern was the pairs rebound against a massive scale pattern's lower trend line. On a massive, one year scale the currency exchange rate is in a triangle pattern. The reason for the formation of the pattern might be the currency manipulations,

Wed, 15 Feb 2017 08:46:17 GMT

USD/ZAR 1H Chart: Channel Down

USD/ZAR managed to underperform to an unexpected extent as it broke the channel down pattern that it had been following for the last few days. The pair sketched a large-scale retracement and even re-entered the pattern while executing it, but still managed to distance itself from the broken bottom boundary. We will look for an extended dip due to two

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.