AUD/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As mentioned in the yesterday's evening issue of Trade Pattern Ideas, among many of the Aussie's crosses, including AUD/USD, we may observe emergence of a channel down pattern starting from Oct 23. This particular formation is nearly 300 bars long and is likely to continue developing, as suggested by the four-hour and daily technical indicators, while the weekly ones are mixed. For the bearish outlook to materialise, the currency pair will have to confirm 0.8987 as the current resistance and subsequently target 0.8691, the lower boundary of the downward-sloping corridor. The market, however, has a different opinion—at the moment 74% of traders are keeping short positions.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Dec 2013 11:55:04 GMT

EUR/NOK 4H Chart: Channel Up

Although a strong rally that started two months ago came to a sudden stop in mid-November, EUR/NOK did not lose its bullish momentum and continued to trade above the 200-period SMA and thereby formed a channel up.And while the most recent price action may not be encouraging—the rate has been anchored to the up-trend support line since Dec 19, a

Fri, 27 Dec 2013 07:13:06 GMT

XAU/USD 4H Chart: Channel Down

The yellow metal has been retreating since the middle of autumn; however, XAU/USD embarked on formation of the channel down pattern only in November when the precious metal dived below its short and long-term SMAs. The corridor is about 158-bar long and has average quality and magnitude. Lack of fresh data releases during Christmas time mollified selling pressure thus aiding

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.