GBP/AUD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
It seems GBP/AUD has finally escaped the boundaries implied by the symmetrical triangle. The currency pair has broken out to the downside and immediately has reached the first target at 1.80, represented by the Jun 4 low and daily S1. Accordingly, we may now expect a small retracement from this support back to the up-trend at 1.8020. However, subsequently the selling pressure should once again intensify and bring the price down to the last week's low at 1.7940. Meanwhile, the market appears to be equally divided between the proponents of a decline and those who believe the British Pound is going to outperform the Australian Dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 05 Jun 2014 14:46:24 GMT

USD/JPY 1H Chart: Channel Up

The support at 100.80 did not let the bears to push the price lower by triggering a robust recovery, which is already more than 250 hours long. However, at the moment USD/JPY is trading right next to the upper trend-line of the channel, meaning there is a high possibility of a bearish correction. The dip is expected to pierce through

Thu, 05 Jun 2014 14:02:05 GMT

AUD/CHF 4H Chart: Descending Triangle

Statistically, descending triangles are penetrated to the downside in 64% of the time. As always, the breakout is confirmed by a spike in volatility. Mario Draghi's decision to cut rates pushed the pair lower and keeping in mind the event will have a long-term impact on the Euro, a move below the lower trend line is widely anticipated. Additionally, aggregate

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.