EUR/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Unlike the previous currency pair, the EUR/USD cross is only approaching the pattern's upper trend-line and will be ready to test it soon. Not taking into account the present boundaries of the current bearish channel, the Euro has been in the long-term decline versus the Greenback. Therefore, we would not expect the continuation of the upside movement. Moreover, the upper trend-line is strengthened by daily R3 and major level at 1.24, making the bullish idea even less realistic. Meanwhile, both technical indicators on all time-frames are neutral at the moment. Stochastic indicator, however, is sending bearish signals in the short and medium-term, assuming that the pair is overbought.
© Dukascopy Bank SA
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Wed, 10 Dec 2014 08:40:29 GMT

EUR/AUD 1H Chart: Rising Wedge

The pair's bulls have managed to push the pair into a rising wedge pattern, as the buying pressure has accelerated during the latest weeks. The pattern trading range is relatively narrow; therefore, we would not expect it to be long living. For most of the time the pair is hovering around the lower boundary of the pattern or even below it

Tue, 09 Dec 2014 15:19:04 GMT

NZD/CAD 1H Chart: Channel Down

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