GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Pound is surging against the US Dollar in an ascending channel pattern on the hourly chart. However, on a larger scale the currency exchange rate is moving lower in a descending channel. The minor pattern is a representation of the rates surge from the dominant channel's support line to its resistance line. It is most likely that the pair will reach the upper trend line of the descending channel near the 1.2420 level soon. Afterwards, in accordance with the descending channel, the rate should bounce off from the resistance and begin to form a short term descending pattern. The hypothesis is consistent with the SWFX trader sentiment, as 66.52% of open positions are long, which indicates that there is still room for a move upwards.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 20 Mar 2017 08:37:50 GMT

ZAR/JPY 1H Chart: Channel Up

ZAR/JPY continued its way into areas unconquered since 2015 and managed to show solid bullish potential by confirming an upward sloping channel on the hourly chart. The ultimate target could now lie at 9.203, the resistance of September and October 2015 where supply could take over and lead to a slide. The pair is currently squeezed in between a set

Fri, 17 Mar 2017 14:59:13 GMT

AUD/CAD 1D Chart: Channel Up

The Aussie is surging on the daily chart against the Loonie in an ascending channel pattern, which is breaking one by one through Fibonacci retracement levels. The Fibonacci retracement levels are measured by connecting the 2016 high level and the 2015 low level. The retracement levels have been affecting the currency pair's movements for the past two years. It can

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.