EUR/AUD 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since late January, the Euro has been unremittingly depreciating versus the Aussie and now it is trading not far away from a six-month low of 1.4515 hit a day earlier. In fact, EUR/AUD moves resemble those of EUR/GBP as the slide to the recent low pushed the pair out of the triangle pattern but it managed to come back to the 132-bar long formation shortly after the drop.
Traders are now undecided about the pair's future trend-the proportion of long to short positions is almost 1:1, according to the SWFX numbers. At the same time, technical data shows a clearer picture, pointing to a weakness in the short, medium and long terms.
© Dukascopy Bank SA

Actual Topics

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.