GBP/AUD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 220-bar long rising wedge was formed by GBP/AUD in the beginning of July. Several days ago, the pair touched 1.7486, which is the highest level since August 2010 and then moved closer to pattern's support. Regarding the pair's outlook, we might suggest the short term outlook is bearish, as indicators on 4H chart are sending "sell" signals, while 72% of traders are opening short positions. However, after touching the support line, the pair is likely to resume following the uptrend, therefore a touch of the lower trend line would be interpreted as usually– as a "buy" signals. Hence, medium and long terms outlooks are bullish.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 02 Sep 2013 14:54:41 GMT

EUR/DKK 4H Chart: Ascending Triangle

Even despite the fact Danish Krone is pegged to the single currency and it's movements against are limited, ascending triangle pattern with high percentage of magnitude and quality are making it worth trading. At the moment of writing, the pair was changing hands around pattern's support, aggregate technical indicators are sending "buy" signals, suggesting the pair will bounce back from

Mon, 02 Sep 2013 14:11:38 GMT

EUR/GBP 4H Chart: Channel Down

Pair has maintained a mildly bullish trend since the end of April till the 1st of August (start of the pattern) thus we should perceive this Channel Down pattern as a bearish correction. Due to the volatility in the period of mentioned appreciation Fibonacci retracements seem to have no effect on the pair. From the perspective of the daily pivots

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.