GBP/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A channel up pattern by GBP/USD started almost two months ago, when the pair surged from 1.481, currently trading at 1.56. On August 30 the pair moved very close to pattern's support, however, bears were not able to penetrate this level and the pair bounced back from the lower trend line. The pair's latest performance is suggesting is will continue channelling up, and the fact that indicators on 4H and daily charts are sending "buy" signals is reinforcing a view the Pound will continue appreciating versus the greenback. However, 74% traders are holding short positions, expecting another retest of the support line in the nearest future.
© Dukascopy Bank SA
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Wed, 04 Sep 2013 13:47:19 GMT

USD/CAD 4H Chart: Double Top

Greenback-loonie cross is posing for approximately 200 pip depreciation. It is the main implication behind the Double Top patterns—pair fails to reach new (relative) high and gradually returns to the previous trading levels. We have observed a rather sharp, 65 pip, sell off in the last 8-12 hours and we should see a minor bullish correction due to this (bounce

Wed, 04 Sep 2013 13:03:38 GMT

EUR/GBP 4H Chart: Channel Down

Despite the fact this pattern was included in our morning trade patterns, it is worth paying attention to it for a second day, as the pair is breaking through the support line. After loosing more than 300 pips in more than a month period, the pair is still expected to depreciate. This idea is supported by aggregate technical indicators

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