AUD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As the Australian Dollar strengthens against other currencies, it has also formed a channel up pattern against the Japanese Yen. The currency exchange rate rebounded against the patterns lower trend line around 8:00 GMT at 76.50, and at the moment it is trading at 76.71. The upper trend line is located at 77.60, and the pair's way to it is beset with resistances, as there is a cluster from 76.94 to 77.04 made up of the weekly and monthly pivot points and the 200-hour SMA. However, the AUD/JPY pair is overbought, as 73% of open SWFX positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 04 Jul 2016 06:37:53 GMT

NZD/USD 1H Chart: Channel Up

Despite the recent (June 23) test of the upper bound of the bullish channel that originated in mid-2015, NZD/USD managed to find solid support at 0.6970. From here, the currency pair formed an ascending channel, which is set to develop further, considering a plethora of bullish technical indicators. The positive bias is further reinforced by the positioning among the SWFX

Fri, 01 Jul 2016 11:20:07 GMT

AUD/CAD 1H Chart: Channel Up

The Australian Dollar entered a channel up pattern on June 27 against the Canadian Dollar. At the moment, the currency exchange rate is moving north to the patterns upper trend line around 0.9700. There are no other resistances on the pair's movement up to that level, as the closes other resistance cluster consisting of the weekly and monthly first resistances

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.