USD/RUB 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Duakscopy Bank SA
© Duakscopy Bank SA
The U.S. Dollar was depreciating against the Russian Rubble until it touched more than a one-month low on October 23; this mark was low enough to mollify selling pressure and help the pair to start sharp advance and form a channel up pattern.
At the moment, the currency couple is trading above its 50-hour SMA and seems to be not willing to slow down the pace of appreciation. However, market sentiment does not confirm this, showing that 64.52% of traders bet on a decline of the pair. Meanwhile, technical indicators are sending mixed signals, suggesting a bullish trend in short and medium term and a bearish– in long-term.
© Duakscopy Bank SA
Back to articles

Actual Topics

Fri, 01 Nov 2013 07:08:25 GMT

AUD/JPY 1H Chart: Channel Down

Having hit a four-month high on October 22, AUD/JPY reversed its trend to the south, shaping a channel down pattern that started two days after the peak was reached. The pattern is relatively short, only 91-bar long; however, there are no cues suggesting that the pair may attempt to breach the pattern soon, meaning that the trend may appear enduring

Fri, 01 Nov 2013 07:07:39 GMT

AUD/USD 1H Chart: Channel Down

Now it seems worth looking at the channel down pattern formed by AUD/USD once again as the pair is approaching the upper limit of the pattern that may result in a breakout before long. According to the SWFX data, market participants also support the idea that the pair may advance soon, being bullish in almost 60% of cases. At the

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.