EUR/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The common European currency is appreciating against the Australian Dollar in a short term ascending channel pattern. The short term pattern has a very thigh range, which is an indicator of an upcoming break of the pattern. However, in the meantime the currency exchange rate is fluctuating in the borders of a larger, dominant ascending channel. The short term pattern actually is a representation of the latest pair's rebound from the lower trend line of the dominant channel. Meanwhile, the currency exchange rate has proven itself to be affected by the Fibonacci retracement levels, which are measured by connecting the 2017 low and 2016 high levels. It is most likely that the rate will reach for the combined resistance of the upper trend line of the dominant channel and the 50.00% Fibonacci retracement level just below the 1.4950 mark.
  Level  Rationale     Indicator 1H 4H 1D
R4 1.4865 Trend line     MACD (12; 26; 9) Buy Buy Buy
R3 1.4844 Weekly R2     RSI (14) Sell Sell Sell
R2 1.4819 Monthly R1     Stochastic (5; 3; 3) Sell Sell Sell
R1 1.4784 Trend line     ADX (14) Buy Buy Neutral
S1 1.4715/01 Trend line; weekly R1     CCI (14) Sell Sell Neutral
S2 1.4631 38.20% Fibo     AROON (14) Buy Buy Buy
S3 1.4591 55-hour SMA     Alligator (13; 8; 5) Buy Buy Buy
S4 1.4566/50 100-hour SMA; trend line     SAR (0.02; 0.2) Buy Buy Buy
          Aggregate ↗ ↗ ↗
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Thu, 04 May 2017 11:19:14 GMT

AUD/CHF 1H Chart: Channel Down

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Thu, 04 May 2017 10:05:25 GMT

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