GBP/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Pound has reversed its surge against the Greenback in an ascending channel pattern and formed a descending channel pattern, which has broken the lower trend line of the previously active channel. The now dominant patterns is aimed at the 23.60% Fibonacci retracement level, which is located at the 1.2321 level. The most relevant and in medium term effective Fibonacci retracement levels are measured by connecting the 2016 low and high levels. However, on its way downwards the pair might find support before the retracement level, as at the 1.2378 level the 200-period SMA is located at. The simple moving average has proven itself more than once to be strong enough to change the pair's direction.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 11 Apr 2017 13:29:25 GMT

CAD/CHF 4H Chart: Channel Up

The Canadian Dollar is surging against the Swiss Franc in an ascending channel pattern, which is guiding the currency exchange rate in its rebound against the combined support level of the support lines of two dominant patterns and a Fibonacci retracement level. The relevant Fibonacci retracement levels for this pair are measured by connecting the 2016 high and 2016 November

Tue, 11 Apr 2017 08:04:25 GMT

USD/SEK 1H Chart: Channel Up

USD SEK launched a second attack at the significant 9.8810 level in a channel up pattern, but the area has been holding strong and now appears to be on its way to cause a break below the bottom trend-line of the formation. The flat motion might, however, be enough to let the pair above the strong area without jeopardising the

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.