EUR/GBP 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common Europan currency recently rebounded against all other majors. Due to that reason a review of the situation is required. First of the noticable trends is the Euro's ascending channel against the Sterling on the four hour chart. Although, on a larger scale the currency exchange rate is still in a descending channel patter, and the ascending channel is a representation of the pair's rebound against the larger pattern's lower trend line. It is most likely that the currency pair will soon reach the descending channel's resistance line and begin a decline from there. However, market participants are divided on the future outlook of the rate, as the SWFX market sentiment is almost neutral, with 51.51% of open positions being short.
© Dukascopy Bank SA
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Wed, 21 Dec 2016 16:06:03 GMT

EUR/USD 1H Chart: Channel Up

The Euro is surging against the Greenback in a short term ascending channel. Meanwhile, the rate is also simultaneously trading in two descending channels. The short term channel up pattern is a representation of the rates rebound from the medium term descending pattern's support line, and the medium term channel is such a type of rebound from the large scale

Wed, 21 Dec 2016 09:28:27 GMT

EUR/RUB 4H Chart: Channel Down

The Euro is in a complicated situation against the Ruble, as every broken trend line continues to influence the currency exchange rate. In general a breakout from a large scale pattern is occurring. The currency pair formed a new short term channel down pattern instead of rebounding after the medium term pattern guided the rate to the large scale channel's

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