XAU/USD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having plunged to more than a five-year low of $1,182.52, gold reversed its trend and started to shape a rising wedge pattern in the very end of December. The yellow metal has been vacillating between the pattern's trend-lines for more than 320 hours and in mid-January the precious metal managed to approach almost a one-month high of $1,262.49.
Now the most traded metal is likely to bounce off its 50-hour SMA that has recently prevented a drop below $1,250 per ounce. This view is bolstered by market players who are bullish on the bullion in 60% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 21 Jan 2014 07:11:05 GMT

USD/SGD 1H Chart: Rising Wedge

Positive fundaments have been pushing the U.S. Dollar higher against most of its counterparts for several weeks hence it comes as no surprise that the pair's moves led to a formation of the bullish pattern-rising wedge. Currently, the currency couple is trading between its six-month high of 1.2773 and the 50-hour SMA at 1.2755. Although the 31-pips wide trading range signifies

Mon, 20 Jan 2014 12:33:56 GMT

CHF/SGD 1H Chart: Triangle

CHF/SGD will be attractive for traders soon as the price approaches the convergence point and only 3 days left before the pair will be highly volatile. However, we should not exclude a possibility of a sooner breakout, as trading volume is decreasing already as the pattern develops. Moreover, on Monday bears made an attempt to penetrate the lower boundary. While

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.