GBP/AUD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been holding a noticeable bullish trend since the beginning of April. This trend has manifested in to the form of Rising Wedge pattern which started on the beginning of July. It is worth pointing out that there are another three rising wedge pattern's in the area of this pattern. However their quality and magnitude ratings are much lower and in our opinion they offer much worse trading opportunities. At the moment is trading halfway between the pattern's support and resistance. However, as technical indicators give strong bullish signal on all relevant horizons it might be the case that the pair will start appreciating before touching pattern's support.

© Dukascopy Bank SA
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Thu, 29 Aug 2013 13:02:26 GMT

AUD/JPY 1H Chart: Channel Down

Pair seems to be heading downwards after a rally from the 7th to 19th of August. On the other hand, pair has been depreciating since the beginning of August  and Channel Down pattern at hand should be seen more as a continuation of this trend. Short term technicals point at further appreciation of the pair which seems are very likely

Thu, 29 Aug 2013 06:34:41 GMT

AUD/JPY 1H Chart: Channel Down

Having reached a pattern's upper trend-line, the pair changed its direction to the north. A stab to the lower boundary of the channel down pattern prevented the pair from a further decline that may have taken the pair well below the current level.Now AUD/JPY is moving towards its daily R1 at 87.82 that, if overcome, may trigger tests of daily

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