EUR/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 153 hours were observing the appreciation of the single currency against the Aussie, however, latest performance is raising concerns the trend may switch its direction, as the pair is testing the support line. As the pair has been fluctuating around 1.42 for more than 22 hours, and technical indicators as well as market sentiment are sending "sell" signals, a penetration of the lower trend line is widely expected. However, in a longer term the pair may move back into pattern's boundaries, as aggregate technical indicators on 1D chart are pointing at appreciation of the pair.
© Dukascopy Bank SA
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Wed, 17 Jul 2013 07:02:34 GMT

EUR/NZD 1H Chart: Rectangle

EUR/NZD has been developing similarly to EUR/AUD during the recent months and both pairs have formed an uptrend. At the moment the Euro stopped its appreciation versus Kiwi as the price consolidates for more than 4 days. Actually it is a bullish rectangle to be more precise, which is defined by two parallel trend lines which represent support and resistance

Wed, 17 Jul 2013 05:52:38 GMT

AUD/JPY 1H Chart: Channel Down

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