EUR/GBP 4H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is a double bottom emerging near the lower boundary of the bearish channel, as there are two distinct valleys formed with the help of the support at 0.76 (down-trend and monthly S2). Consequently, if the pair closes above the neck-line at 0.77 (Jan 20 high), there is a good chance the rally will extend higher, but at the same time the up-move should limited by the major down-trend at 0.78, which is reinforced by the weekly R1. One should remember, however, that today's fundamentals, specifically the ECB Press Conference, pose a significant threat to this scenario, and many of the levels mentioned may well be violated amid elevated volatility.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 22 Jan 2015 14:04:17 GMT

USD/JPY 1H Chart: Channel Up

The USD/JPY currency pair made an unsuccessful attempt to bounce from the lower boundary of the bullish channel in order to growth further. The cross was surprisingly stopped by a rather weak resistance line represented by the daily pivot point at 118 and strengthened by the 55-hour SMA nine pips from above. At the same time, we assume that US

Thu, 22 Jan 2015 07:14:31 GMT

AUD/CAD 4H Chart: Channel Up

Because of a strong demand area near 0.94 the currency pair was able to commence a recovery late December that still remains topical. Accordingly, the outlook is positive for AUD/CAD, but the bulls should be particularly wary of the resistances at 1.01 and 1.025, represented by the 2014 Aug low and 2014 Sep high, respectively. These levels are potential reversal

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.