GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rise above its 200-hour SMA on August 5 triggered a rally of the pair; however, GBP/USD was unable to sustain its advance after it reached its two-month peak of 1.5718 that acted as a strong resistance and forced the pair to change its direction. The pair met a support at the level of 1.5587 (200-hour SMA) but it failed to contain a decline, and the pair continued its drop towards the pattern's support at 1.5570.
Traders are mostly bearish on the GBP/USD, as 58% of them hold short positions, according to the SWFX data. For the market players' outlook to be confirmed, the currency couple has to breach a pattern's support at 1.5570 and a cluster of support levels at 1.5555/29.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 27 Aug 2013 07:18:20 GMT

AUD/CHF 4H Chart: Channel Down

After diving under its 200-bar SMA, AUD/CHF has been trading beneath this resistance line, vacillating between two downward-sloping lines. The pair attempted to cross its 200-bar SMA for three times during the last seven weeks but it did not manage to surpass this zone. Currently, the currency couple is fluctuating between 0.8263 (daily S2) and 0.8225 (daily S3). If daily

Mon, 26 Aug 2013 15:40:25 GMT

EUR/CAD 1H Chart: Channel Up

Pair maintained mildly bullish sentiment whole July, but failed to advance further on the 8th of August (bumped in to the pattern's (1D chart) resistance) and dropped 250 pips. After that pair managed to pick the pace again and seems to be appreciating on a much higher pace than on July. As a consequence we have a high magnitude (of

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.