EUR/PLN 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is in an ascending short term channel against the Polish Zloty. However, the pair is not set to surge, as the upper trend line of the long term descending channel pattern has been recently reached, and the currency exchange rate has bounced off of it. Moreover, this fact hints at the possibility of a new medium term pattern about to reveal itself in the upcoming weeks. In general, it is clear that the currency pair is about to begin a decline, which will be visible on all timeframes, which are eligible for trend analysis. In the meantime, 58% of SWFX trader open positions are short, and that indicates that there is still room for a decline before the pair can be considered oversold.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 27 Feb 2017 14:38:19 GMT

NZD/JPY 4H Chart: Channel Down

The Kiwi is depreciating against the Japanese Yen simultaneously in two channel down patterns. There are no signs of a short term change in the situation, as the pair is heading for the 23.60% Fibonacci retracement level, which is located at 80.34 level. The Fibonacci retracement level on this pair are measured by connecting the 2016 high and low levels.

Mon, 27 Feb 2017 09:10:26 GMT

AUD/CHF 4H Chart: Channel Up

The Australian Dollar is simultaneously trading in two ascending channels against the Swiss Franc. However, that does not necessarily mean that the currency exchange rate is set to surge. Recently the pair reached and bounced off first from the medium size pattern's upper trend line and afterwards did the same against the large scale pattern's resistance line. Due to that

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.