GBP/USD 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/USD left three-month highs to form a falling wedge which now suggests that a surge is up next. The pair has been sticking to the upper trend-line at 1.2275 for almost two days already, which means that another journey to the bottom trend-line is unlikely and the pair will go on to break the pattern to the upside. We could expect 1.2300/03 to serve as the next target and push for a retracement of the broken trend-line. A soar can be expected after that, launching attacks at 1.2320, 1.2343/45 and 1.2359, respectively.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 27 Dec 2016 16:26:04 GMT

USD/CAD 1H Chart: Channel Up

USD/CAD entered an ascending channel pattern about a week ago and is currently repeatedly testing the bottom boundary which could eventually let the pair slide. A newly sketched channel down pattern could be one to break the senior pattern immediately as the rate has reached the upper boundary, and that would set 1.3470 as the next ultimate goal. While it

Tue, 27 Dec 2016 09:32:09 GMT

GBP/CAD 30M Chart: Symmetrical Triangle

GBP/CAD entered a consolidative phase with risk skewed slightly more to the upside within a symmetrical triangle formation and is now sticking to the upper boundary at 1.6608 which brings more ground to the rising scenario. We will look for a breakout to the upside followed by a hitch at 1.6621 and then 1.6660 with one of the levels triggering

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.