XAU/USD 1H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Considering that a rectangle is a continuation pattern and before the consolidation started the trend had been bullish, the base scenario is a break-out through 1,166. In this case the target will be a combination of the daily R2 and weekly R1 at 1,182. Beyond this lies the June high and weekly R2 at 1,206.
On the other hand, if support at the mark of 1,151 fails to underpin the price and allows the exchange rate to fall, there is likely to be a sell-off through the weekly pivot point down to 1,132 dollars, the current location of the 200-hour SMA. The sentiment among the SWFX traders is only slightly bullish: 57% of positions are long and 43% are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 25 Aug 2015 13:47:03 GMT

USD/SEK 1H Chart: Channel Down

USD/SEK is expected to rebound in the nearest future, based on the developments from the past 24 hours. Yesterday it managed to bounce off the lower trend-line of the bearish pattern, while the Greenback has already penetrated both weekly S2 and S1. However, the pattern implies that a recovery is unlikely to prolong in the long run. The upper edge

Tue, 25 Aug 2015 06:39:13 GMT

GBP/CAD 4H Chart: Channel Up

GBP/CAD continues to trade within the bullish channel, and the currency pair has recently confirmed its bullish intentions by gaining a foothold above the 2008 peak. In the near term, however, the bias is to the downside. The price is approaching the upper trend-line of the pattern, and we expect a bearish correction to start around 2.11 dollars. Alternatively, even

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.