GBP/USD 1H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Being a subject to a strong bullish pressure, GBP/USD managed to attain a five-year high of 1.6839, close to which it is meandering now. According to the SWFX data, market players believe the pair has not exhausted its potential yet and may continue ascending in the hours to come; around two thirds of traders bet on appreciation of the currency couple. If these expectations materialize, the GBP/USD may reach a cluster of resistance lines at 1.6840/60 (daily R1; four-hour R1, R2) and may even try to near 1.6878/82 (daily R2; four-hour R3) that represent the last defence from a surge to the wedge's upper limit.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 17 Apr 2014 06:55:15 GMT

EUR/USD 1H Chart: Triangle

The most traded currency couple has been forming a triangle pattern since April 9, the time when EUR/USD was on the rise after a plunge to a two-month low of 1.3673 in the very beginning of April. At the moment, the currency couple is on the brink of a bullish breakout as it has already surpassed the upper boundary

Thu, 17 Apr 2014 06:37:11 GMT

NZD/USD 1H Chart: Channel Down

NZD/USD was advancing during two months ended April 2 when it touched a three-year high of 0.8746. Since then, the instrument has been forming a broad channel down pattern that now is almost a hundred-bar long. At the moment, the currency couple is sitting at the 50-hour SMA at 0.8624 but it is likely to bounce off this mark as over

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.