EUR/AUD 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the medium-term expectation for the EUR/AUD cross is generally positive, we expect it to bounce off the pattern's lower trend-line in the nearest future. It should be supported by the 200-hour SMA at 1.5632 and 4H technical indicators. Alongside, a moderate majority (55%) of SWFX open positions are bullish with respect to the European single currency. A recovery should initially target the area above 55-hour SMA, currently at 1.5830, which will be able to refocus attention to the upper boundary of the pattern at 1.6176. However, downside risks are not off the table. Any consolidation below 200-hour SMA will expose the weekly S1 at 1.5474, followed by the second weekly demand at 1.5040.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Jan 2016 14:28:09 GMT

NZD/CAD 4H Chart: Channel Up

Outlook for the Kiwi against the Canadian Dollar is also quite positive for the moment. The pair was able to contain a correction by the pattern lower edge and, most importantly, by the 200-period SMA. Despite closing below the monthly pivot point for a short period of time earlier last week, the pair is now growing. Bullish expectations are reinforced

Tue, 19 Jan 2016 07:29:53 GMT

GBP/USD 4H Chart: Channel Down

Since the last week of December, the Cable has been trading within a narrow but at the same time solid channel. Being that the studies are either bearish or mixed and the Sterling is overbought (63% of positions are long), there are no reasons to expect a reversal but one—the price is at the 2010 low. However, the initial reaction

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.