EUR/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is simultaneously trading in two descending channel patterns against the Australian Dollar. The currency exchange rate has set its course to the 2015 low level of 1.3667. At that level it is possible that the rate will find strong enough support level to begin a medium term ascend. However, before that occurs, the currency pair is set to surge up to the minor descending channel's upper trend line, as the pair has already encountered the support provided by the lower trend line of this medium term pattern. As a result of that the Euro rebounded against the Aussie. Although, it is unlikely that the currency pair will move higher than the level of 1.39 during this about to be short lived rebound.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Feb 2017 13:29:43 GMT

USD/JPY 4H Chart: Channel Up

The Greenback is surging against the Japanese Yen in a medium term ascending channel. In the meantime, the pair is also in a large scale descending channel. Most recently the currency exchange rate rebounded against the upper trend line of the medium term channel, and it failed to find support in the strong levels of significance below it. A rebound

Thu, 16 Feb 2017 09:07:49 GMT

USD/RUB 1H Chart: Channel Down

The US Dollar lost loads of value, 34% to be precise, to the Russian Rouble in 2016 and might be targeting the May 2015 low at 49.18 and could reach it sometime until mid 2017. The pair managed to sketch a channel down pattern on the hourly chart, but a boost in volatility led to breaks of the pattern from

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.