XAU/USD 1H Chart: Triangle

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A four-month high of 1,345.61 reached in the first part of July forced the shiny yellow metal to perform a rapid retreat. After the decline, the bullion was trapped by a short, only 52-bar long, symmetrical triangle, inside which XAU/USD to has been trading in a narrowing range.
At the moment, the proximity of the apex supports the idea that gold has exited the triangle in earnest and a notable drop may lie ahead. At the same time, market players do not expect a sell-off to happen, being bullish in more than 72% of cases, according to the SWFX data.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 22 Jul 2014 06:29:19 GMT

EUR/GBP 1H Chart: Triangle

EUR/GBP has transformed a channel down pattern examined a day earlier into a symmetrical triangle and now the instrument is on the brink of an accelerating decline that often follows a bearish exit this type of patterns. The SWFX numbers prop up this view– two traders out of three hold short positions, meaning EUR/GBP may plunge below

Tue, 22 Jul 2014 06:13:11 GMT

EUR/USD 1H Chart: Channel Down

The most popular currency pair, EUR/USD, has been in a sharp down-trend since mid-July and on Jul 18 the instrument hit a five-month low of 1.3492 located at the lower limit of the 136-bar long channel down pattern. After bottoming out at the this low, the pair managed to pare losses and now is fluctuating near the short-term SMA at

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.