GBP/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pattern started after a n approximately 3000 pip rally from April to august. Pair is approaching a 23.6% retracement of this move but is unclear if it will have any impact due to the period of increased volatility and obscure up and down movements from the middle of July. Peak just prior to the beginning of the pattern marks the highest level the pair has reached in the last 3 years. It adds additional downside pressure on the pair. Short ad medium term technicals on aggregate point at further depreciation of the pair. However, it might be somewhat choppy as quite a few individual indicators give neutral outlook. 

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 19 Sep 2013 12:59:34 GMT

GBP/CAD 4H Chart: Ascending Triangle

air has been trading in relatively narrow , 330 pip, range since the end of August till the middle of September.  Lately it has been trying to reach new high which would be the highest level since the February 2010 (peak jut before the pattern's beginning if not to take in to account recent  peak). Pair appreciated for almost two

Thu, 19 Sep 2013 07:19:03 GMT

EUR/GBP 1H Chart: Channel Down

A decline has been observable since August 23 when it reached a two-week high of 0.8653; however, a formation of the channel down pattern started only on September 6 when the pair hit its seven-month low of 0.8393, the level close to which the pair is trading now. The overall outlook remains gloomy, with 63.24% of traders betting on further

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.