GBP/AUD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/AUD has been trading in the range between 2.10 and 2.1260 since Wednesday of the previous week. Therefore, boundaries of the double top pattern are remaining intact for the time being. Market sentiment suggests that the cross will be able to reach the 2.0994 mark, which is the valley between two tops. However, the long-term outlook is unclear at the moment, as the mentioned horizontal line is being approached by the 200-hour SMA, currently located at 2.0977. It increases the likelihood of a reverse in the medium-term. Moreover, daily technical indicators are sending signals to acquire the Sterling, as they expect the pair to grow in course of the next 24 hours.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 21 Jul 2015 12:16:09 GMT

EUR/JPY 4H Chart: Channel Down

There are several factors that are increasing the probability of a steeper decline of the Euro against the Japanese Yen in the long-term. Two weeks ago the 100-period SMA crossed the 200-period SMA to the downside, just before EUR/JPY bounced back from the upper edge of the pattern. Additionally, the exchange rate has recently consolidated below the 55-period SMA. The

Tue, 21 Jul 2015 06:41:03 GMT

EUR/CAD 1H Chart: Triangle

EUR/CAD is closing in on the apex of the symmetrical triangle, and this motivates us to prepare for a break-out. Considering that before the pattern the currency pair was bullish, our base case scenario is a close above the red line and a rally towards 1.4350 (1.41 + the height of the triangle). To realise this the Euro will have

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.