AUD/CAD 1D Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite the fact that AUD/CAD is currently trading between the major demand and supply zones, there should soon be a break-out, as we are closing in on the apex of the triangle. Considering the nature of the pattern, the bears are more likely to overpower the bulls, and this will expose the 2013 low at 0.9176. In the meantime, if AUD/CAD gains a foothold above 0.9575, further recovery will be difficult, being that apart from a combination of the Jun 30 high and 200-day SMA at 0.9666, there are also some other important levels nearby (May and June peaks). Concerning the sentiment, the market remains undecided, as the numbers of longs (48%) and shorts (52%) are nearly equal.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Jul 2015 14:01:04 GMT

AUD/SGD 1H Chart: Double Bottom

AUD/SGD cross is attempting to recover its deep losses that occurred in the past two weeks, when the value of the Australian Dollar fell from 1.04 down to 1.00 versus the Singapore Dollar. The main obstacle for bulls is currently represented by the weekly PP at 1.0077, which is strengthened by the daily PP, 55 and 100-hour SMAs from below.

Mon, 13 Jul 2015 06:37:04 GMT

GBP/AUD 4H Chart: Rising Wedge

Although previously it seemed as if GBP/AUD has been trading within a bullish channel, now there are well-grounded concerns that we observe formation of a rising wedge. The trading range of the currency pair started to narrow, and instead of two parallel trend-lines the peaks and lows are connected by two converging lines, which implies an increasing chance of a

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.