AUD/CAD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 125-bar long channel down pattern was formed on July 12, when the pair surged from the level around 0.930, currently trading at 0.943. It seems that the pair is experiencing some difficulties around 0.948, represented by daily resistance and 200 bar SMA, therefore the pair is likely to bounce back from this level. Even though 62% of all opened positions are long, the trading volume are relatively low, hence a penetration of the resistance line is unlikely. Taking into account all previously said, in a medium and long term a continuation of the downtrend seems to be the most likely scenario for AUD/CAD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Aug 2013 13:17:45 GMT

GBP/USD 4H Chart: Channel Up

A Pound-greenback cross has been moving in an uptrend for the last month, after the pair bottomed at 1.4814. Several trading sessions ago, after touching the resistance line, the pair has began to depreciate and has lost more than 100 pips already. Pattern's magnitude is above the average, meaning traders can expect some significant moves, though high returns. According to

Wed, 14 Aug 2013 08:06:50 GMT

AUD/CHF 1H Chart: Channel Up

Since April AUD/CHF has been in a major down-trend. However, about 180 hours ago the bearish momentum waned, when the pair touched upon 0.8231. The bullish outlook was subsequently confirmed when the 200-hour simple moving average fell prey to the surge, although technical indicators on the three relevant time-frames are mixed, suggesting absence of any distinct action on the chart.In

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.