EUR/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The most traded currency pair has been highly volatile on Friday following comments from the ECB. Despite a 205 pips hike, the pair is still moving in pattern's boundaries, however, according to technical indicators on a variety of timeframes, further appreciation is expected. At the same time, traders are less optimistic and opening short positions more often that long ones (65% bearish sentiment). Meanwhile, the single currency is sold in 61% of all cases, while the greenback is bought in 64% cases across the board. The next strong resistance for long traders is located around 1.389-39, represented by pattern's resistance, weekly R2 and a strong psychological level.
© Dukascopy Bank SA
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Mon, 30 Dec 2013 08:30:07 GMT

EUR/AUD 4H Chart: Channel Up

Let us examine the 180-bar long channel up pattern formed by EUR/AUD one more time. Since reaching a multiple-year high, the pair has become a subject to a noticeable downside pressure that pressed it to the lower boundary of the pattern, near which the currency couple has been trading for several days already. At the same time, selling pressure failed

Fri, 27 Dec 2013 15:54:28 GMT

USD/NOK 4H Chart: Rectangle

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