EUR/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro has been strongly bullish since it bottomed out in April near 1.1220, and the chances are the single currency will keep moving higher. EUR/USD is trading next to the lower boundary of the emerging channel at the moment, which implies a rally from the current levels towards 1.16, where the rate is expected to meet the upper boundary of the pattern. Another argument in favour of a stronger Euro is the fact that the share of bears exceeds the share of bulls by 28 pp, meaning the instrument is oversold. Alternatively, in case the price closes under the green trend-line, our focus will shift towards 1.1390/80, where the weekly pivot point joins forces with the seven-day up-trend.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 03 May 2016 07:15:18 GMT

GBP/CAD 4H Chart: Channel Down

Although last week there were risks of GBP/CAD breaking out of the channel after forming a double bottom, resistance at 1.85 did not let the Sterling to change the outlook on GBP/CAD and remained intact. Accordingly, we expect the rate to bounce off of the upper trend-line of the channel and then drop by some six figures during the next

Mon, 02 May 2016 14:32:13 GMT

XAU/USD 4H Chart: Triangle

Gold is extending its winning streak, after it successfully confirmed a triangle. Considering the nature of this pattern, the bullion is now expected to continue building ground amid weaker US Dollar. The most immediate resistance is the 2015 peak at 1,307.06, while the next one is placed at about 1,318 (weekly R1). It is shortly followed by the monthly R1

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.