XAG/USD 4H Chart: Ascending Channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As previously analyzed and forecasted silver has broken out of a triangle pattern, which it formed while simultaneously being in and large scale descending channel and on a medium term in an ascending channel. The break out has occurred and the metal continues its path northward in the ascending channel to the large scale pattern's upper trend line. However, most recently it has struggled due to precious metals being affected by US politics. Although, that has not broken the pattern, just forced it to retest its borders. In addition, the XAG/USD pair is affected by the Fibonacci retracements, which connect the July high and October low levels. Most recently the rate has been in limbo around the 38.20% retracement level, which hinders the set course of the bullion.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 14 Nov 2016 09:28:06 GMT

EUR/JPY 4H Chart: Rising Wedge

A rising wedge emerged to guide EUR/JPY movements, showing a single downside breakout on the day the POTUS Donald Trump was elected. While currently supposed to move south, the pair has been distracted from the wave with a slightly bullish consolidation. We still look for the pair to reach the bottom trend-line around 115.40, and the pattern could be mature

Fri, 11 Nov 2016 14:12:56 GMT

GBP/AUD 4H Chart: Ascending Channel

The Pound has been surging against the Australian Dollar in an ascending channel, which formed in the aftermath of the pair's rebound from the larger scale pattern's lower trend line. On a larger scale, namely the weekly chart, a descending channel, which begins on April 2015 can be seen. Most recently the currency exchange rate reached the ascending channel's resistance

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.