GBP/USD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Sterling is forming a descending triangle pattern against the US Dollar, as the currency exchange rate has just once more confirmed the pattern's upper trend line around the level of 1.32. At the moment, the pair is moving lower, as it struggles with the 200-hour SMA. As the Cable will move lower and reach the pattern's lower trend line, it will most likely break out and aggressively become bearish. In the meantime, daily aggregate technical indicators support the forecast, as a surge in the next four hours is expected, and on a daily timeframe the Pound will depreciate against the Greenback. In addition, SWFX market sentiment is 52% long, which shows that there is enough room for a downward movement.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 29 Jul 2016 11:49:42 GMT

GBP/AUD 1H Chart: Channel Up

The Pound is in an ascending channel pattern against the Australian Dollar, as the currency exchange rate has confirmed the pattern's lower trend line at 1.7489, and it is moving northwards to the pattern's resistance line, which at the moment is located at 1.7709. However, the pair is struggling against resistance put up by a resistance cluster made up of

Fri, 29 Jul 2016 07:02:05 GMT

AUD/CAD 4H Chart: Ascending Triangle

AUD/CAD has been in a strong bullish trend since the end of May, and most studies suggest the Australian Dollar is going to resume appreciation against its Canadian counterpart. For one, the currently emerging pattern, an ascending triangle, indicates growing demand. The positive bias is also reinforced by the technical indicators that are pointing north in all relevant time frames.

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.