EUR/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro has been appreciating against the Japanese Yen since early November, and on November 20 after hitting the 200-hour SMA, the pair formed a channel up pattern. The pattern is now 323 bar long, and 69% quality and 90% magnitude mean that even slight movements of the pair may lead to significant profits for traders. While technical indicators are not univocal and aggregate technicals are neutral, SWFX market sentiment is strongly bearish, at 61% of traders are holding short positions. It means that in a short-term the pair can dip toward pattern's support. Nevertheless, the first key level for short traders is located at 140.95, represented by a recent low and a 4H S1.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 11 Dec 2013 14:40:47 GMT

EUR/AUD 1H Chart: Rectangle

EUR/AUD currency pair has been highly volatile during the last two days, as first the pair almost reached pattern's resistance, then pulled back to the lower boundary, while at the moment of writing bulls were making another attempt to the penetrate the key resistance level. While aggregate technical indicators are mixed, market sentiment cannot also be a very reliable source

Wed, 11 Dec 2013 12:47:39 GMT

GBP/AUD 4H Chart: Channel Up

After bottoming out around 1.6750 GBP/AUD commenced an up-trend that later on turned into a bullish channel, the boundaries of which the currency pair has been recently trying to escape from (during Nov 27 and 28 there was an attempt of a break-out to the upside). Still, there is a good chance that the price will not settle far beneath

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.