AUD/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A very long, 336-bar long, channel up pattern formed by AUD/USD seems to have finally come to an end. The currency pair has recently tumbled below the lower boundary of the tunnel as well as below the 200-bar SMA that has been meandering just beneath the pattern's support at 0.9247 for more than a month. This suggests us that a sharp depreciation is looming. Nevertheless, market players did not lose faith in the instrument after the drop and almost 55% of them still expect AUD/USD to recover its losses in the foreseeable future.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 29 Apr 2014 11:48:19 GMT

EUR/AUD 4H Chart: Channel Down

After touching 1.5829 on January 24, the single currency began its depreciation versus the Aussie, which lasts until now. On April 10 the pair refreshed this year's low, however, was not able to move any lower, hence 1.4853 can be considered as a key level for short traders. After bouncing back from the lower boundary, the pair headed towards the

Tue, 29 Apr 2014 06:17:45 GMT

USD/NOK 1H Chart: Rising Wedge

Another rising wedge pattern but this time shaped by USD/NOK has been recently broken through. The pair dived below the lower limit of the 208-bar long formation and has been trading there for two hours already. A bearish breakout from the rising wedge is the key indication of the forthcoming sell-off. This is also reinforced by the SWFX data-over 70%

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.