EUR/AUD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/AUD tested a solid support level 1.37 in the second half of April, and since then the exchange rate has been in a strong upward trend. Right now the Euro is undergoing a bearish correction, but the decline should come to an end around 1.4750. From there EUR/AUD is likely to launch another attack on the 2014 Dec high, but the ability of the pair to rise far above 1.5330 is in question, despite the daily and weekly technical indicators pointing upwards. There are plenty of other resistances capable of turning the trend around, such as the 2014 Mar high at 1.5540 and the overall 2014 high at 1.5833. The SWFX sentiment is currently bearish: 60% of open positions are short.
© Dukascopy Bank SA
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Thu, 30 Jul 2015 05:50:32 GMT

CHF/JPY 4H Chart: Channel Down

Given the current situation in the CHF/JPY pair, the Swiss Franc is likely to depreciate even more against the Japanese Yen in the nearest future. While the ceiling is at 128.88 (down-trend and monthly S1), the target is the lower boundary of the channel at 127.18. If this support is broken, the next objective will be 125.50, a level that

Wed, 29 Jul 2015 14:34:02 GMT

EUR/JPY 1H Chart: Channel Up

The Euro has been outperforming the safe-haven Yen since mid-July, and it appears the tendency is going to persist for some time. EUR/JPY should rebound from the rising support line at 136.41 and then surpass the Jul 27 high; the target will be a cluster of resistances at 137.80/60.On the other hand, if the pair slips under 136.40, the losses

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