AUD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar is surging against the US Dollar in an ascending channel pattern. The currency exchange rate is in the middle of the pattern at 0.7657. However, the currency exchange rate is in general oriented on an upward movement, as in every time it moves lower the pair encounters the 55 and 100-hour SMAs, which provide support and rebound the rate. As this general trend continues, the exchange rate will move to the upper trend line at 0.77, which is supported by the weekly R1 at 0.7695. In addition, an upward movement forecast is supported by the fact, that the currency pair might be oversold, as 74.16% of SWFX open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 10 Aug 2016 07:08:48 GMT

AUD/CHF 1H Chart: Channel Up

Similarly to the situation in EUR/CHF, there is also a multitude of studies in favour of a weaker Swissie, including the six-day bullish channel and technical indicators. And just like in AUD/CHF, this currency pair is facing a major obstacle as well. Resistance at 0.7550 has been keeping the bulls at bay since the end of the previous year, and

Tue, 09 Aug 2016 12:03:03 GMT

GBP/NZD 4H Chart: Falling Wedge

The Pound is in a falling wedge pattern against the New Zealand Dollar, as the currency exchange rate moves near the pattern's lower trend line, testing the support line. The lower trend line is also supported by the weekly S1 at 1.8122. As the currency pair will move northwards to the pattern's upper trend line, it will face a resistance

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.