GBP/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
In addition to successful upside rebound from the lower trend-line of the bearish pattern, the Cable has just recently managed to cross a strong resistance line, which is represented by weekly and monthly pivot points around 1.52. These technical levels are getting ready to push the British Pound further to the north. The closest supply zone is represented exactly by pattern's upper boundary and weekly R1 at 1.54. Therefore, we see no major obstacles that can stop bulls from completing their mission of sending the pair some 200+ pips higher. Meanwhile, even though 4H technical studies are slightly bearish, 52% of SWFX traders are holding long positions on the British currency.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 10 Feb 2015 06:46:14 GMT

EUR/CAD 1H Chart: Falling Wedge

Although the bulls failed to push the price beyond 1.45 in January, there is an increasing possibility they will challenge the resistance once again in the near future. EUR/CAD is forming a reversal pattern, and a half of daily indicators is bullish, meaning the pair is likely to breach the upper trend-line. In this case a combination of the 200-hour

Mon, 09 Feb 2015 15:04:04 GMT

EUR/USD 1H Chart: Triangle

Following a sharp drop of the Euro/Dollar cross on January 22 amid the ECB's QE decision, the pair began narrowing its trading range. As a result, the triangle pattern emerged on the hourly chart. Moreover, last Friday the lower boundary of the pattern failed to provide enough support for the Euro in order to rebound towards 1.1480, and it was

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.