XAU/USD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since early May, the yellow metal has been forming a triangle pattern that now is more than 240-bar long.
Currently, the bullion is sitting slightly above the 50-and 200-hour SMAs at 1,295.37. In the hours to come, the most traded precious metal may bounce off this level and follow a distinct bullish trend given that over 70% of positions on the SWFX are long. On its way towards the upper limit of the formation, XAU/USD will face several hurdles, namely 1,297.37/9.30 (four-hour R1, R2; daily R1) and 1,300.41/3.61 (four-hour R3; daily R3) that may limit the forthcoming upswing.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 21 May 2014 07:00:10 GMT

USD/JPY 4H Chart: Descending Triangle

After failing to settle at the highest mark since at least 2009, the U.S. Dollar was trading almost flat against the Japanese Yen and early April the pair entered a descending triangle. Considering that USD/JPY breached the pattern's lower limit at 101.38 a day earlier, the instrument may depreciate heavily before long. However, the SWFX data does not prop up this

Tue, 20 May 2014 14:21:15 GMT

GBP/AUD 4H Chart: Channel Down

After moving to the south since January 24, the GBP/AUD currency pair is now has a chance to end a more than 500-bar long rally to the downside. At the moment of writing, bulls were making an attempt to close above the upper trend line. However, they are facing a strong resistance around 1.8202, represented by a weekly R2. Aggregate

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.