XAG/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Silver keeps trading within the channel we found on Monday. Since then, XAG/USD has confirmed the support trend-line, and now the metal is in the process of forming another bullish wave within the upward-sloping corridor. The pattern implies a rally towards 18.80/77, namely the monthly R2 and the upper edge of the emerging channel. The positive bias is further strengthened by the indicators. However, our main concern regarding the ability of the metal to continue appreciating is the price's proximity to the 2015 high at 18.50. The recent attempt to break this level has failed, and it is noteworthy that the market is overcrowded with bulls—74% of all positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 29 Jun 2016 06:36:41 GMT

USD/NOK 1H Chart: Descending Triangle

Although USD/NOK is currently forming a pattern that usually portends a sell-off, we consider the upside breakout to be more likely. There is a solid demand area circa 8.40 that proved its high importance in May and in the first half of June. At the same time, there is the lower boundary of the pattern at 8.43 and the 200-hour

Tue, 28 Jun 2016 12:29:06 GMT

GBP/CAD 1H Chart: Falling Wedge

With the announcement of the Brexit referendum results, the Pound fell sharply against all major currencies, including the Canadian Dollar. However, afterwards the currency pair has formed a falling wedge pattern, which has just been confirmed, as the currency exchange rate has just confirmed the patterns upper trend line at 1.7284. Although, the patterns upper trend line is not supported

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.