EUR/GBP 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The single currency has been appreciating against the Sterling since February 17, when the pair hit 0.8158. The pair performed a 240-pip rally, however, bulls are still not strong enough to move above weekly R1 at 0.8401. Therefore, it can be considered as a key level for long traders in the nearest future. Aggregate technical indicators, however, are sending ‘buy' signals, while MACD is suggesting the market is oversold and the pair will move higher. At the same time, the pair is trading close to pattern's support and a downside breakout should be excluded from all possible options. At the time being, 64% of traders believe the pair will penetrate the lower trend line.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 25 Mar 2014 15:18:15 GMT

EUR/SGD 4H Chart: Channel Up

EUR/SGD commenced a robust recovery early February, when it bottomed out at 1.71. Later on the rally developed into a bullish channel, which is now more than 200 bars long. Right now the currency pair is testing the lower boundary of the pattern at 1.7530, which needs to withstand selling pressure in order for the outlook to remain positive, then

Tue, 25 Mar 2014 13:48:15 GMT

USD/ZAR 4H Chart: Triangle

All kinds of triangles are highly attractive for traders, as all they have to do is to wait for a breakout. On March 20 bulls already made an attempt to penetrate pattern's resistance, however, that was only a throwback. Nonetheless, the outlook is bullish, keeping in mind the strength of the U.S. Dollar, a bullish throwback and ‘buy' signals from

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.