GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/USD is in a good position to advance further, but the rally that was started at 1.5330 is likely to resume only tomorrow. Overall we are bullish on the Pound, but the currency pair must first complete the downward correction, and this implies a decline to 1.5550. The negative short-term bias is also indicated by the technical studies. Once the support trend-line is confirmed, the target will be the Jun 29 high, while in the longer-term the price could be aiming for 1.5930, namely for the June high. However, the SWFX traders are currently divided regarding the Sterling's prospects. Right now a half of them is bullish and the other half is bearish.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Jul 2015 06:59:05 GMT

EUR/GBP 1H Chart: Falling Wedge

While the British Pound appears to be on a firm footing against the US Dollar, the are signs the Euro is going outperform the Sterling. During this week EUR/GBP has been trending downwards, but at the same time the currency pair has been forming a falling wedge, a pattern that portends a reversal. Additional arguments in favour of a stronger

Wed, 15 Jul 2015 13:38:04 GMT

NZD/USD 4H Chart: Channel Down

The medium-term outlook for the Kiwi against the Greenback is quite mixed at the moment. The pair has been continuing to rebound last week, thus  gradually approaching the upper trend-line of the channel down pattern. Bulls are additionally supported by positive market sentiment, which is favouring an appreciation of the Kiwi in 71% of all cases. Despite that, NZD/USD is

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.