GBP/AUD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/AUD keeps trading within the channel we identified last Thursday after the pair pierced through a notable level of 1.7270. The latest bearish wave inside the pattern did not reach the lower trendline, however, signalling a potential reversal. Nevertheless, the longer-term technical indicators are mostly pointing downwards, suggesting the resistance at 1.70 is likely to stand its ground. Our current target is therefore a cluster of supports at 1.6875/60, where the weekly S1 merges with the daily S2 and the lower bound of the channel. Still, we should take into account the fact that the price is slowly but surely approaching 1.6650—the lowest level since mid-2013.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 27 Sep 2016 07:44:16 GMT

GBP/JPY 4H Chart: Channel Down

The bearish channel in the four-hour chart and the technical indicators imply extension of Sterling's depreciation from 139 yen started at the beginning of September. This is also suggested by the descending triangle emerging in the higher timeframes. However, support at 130 yen still remains intact, meaning we may well see a rally in the near term. If the red

Mon, 26 Sep 2016 15:09:04 GMT

GBP/NZD 1D Chart: Descending Triangle

The descending triangle formed over the last three months has led GBP/NZD to lose volatility to an extent that might imply that the pattern is mature enough to break over late September or early October. The bearish stance taken by the pair threatens to close below the weekly Pivot Point which could, in turn, imply that there will be no

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.