AUD/JPY 1H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Located in the middle of the superior two-year descending channel, AUD/JPY has set its way towards the upper trend-line with the help of an inferior upward channel. The junior pattern has been developing for more than a week now, and it gives little reason to doubt its strength until the top senior trend-line takes over. 55, 100 and 200-period SMAs provide sufficient demand for the pair to make its way further through the trend. However, approaching August highs, the rate could encounter difficulties at the 78.56 level. If the pair continues moving inside of the small channel, it will bounce from the 78.40 level today and test the bottom trend-line at 78.13 next week. The senior upper trend-line will be tested in mid-late-September then. Nevertheless, if the rate breaks the channel up and starts its way south immediately, the 20-period and 200-period SMA crossover at 77.69 will be the next target.
Back to articles

Actual Topics

Fri, 02 Sep 2016 13:22:03 GMT

CHF/JPY 4H Chart: Rising Wedge

The Swiss franc is gaining strength against the Japanese Yen in a rising wedge pattern, as the currency exchange rate is surging to another pattern's upper trend line. On a larger scale the currency pair is in a channel down pattern on the weekly timeframe. Moreover, the pair has just recently broken out of a triangle patter, and the resulting

Fri, 02 Sep 2016 07:55:05 GMT

USD/TRY 1H Chart: Channel Up

The daily chart shows the US Dollar outperforming the Turkish Lira in an ascending channel pattern. The channel has been present since March, and the pair might find enough support in the 100-day and 200-day SMA cluster to sustain the bullish trend for now. Currently the rate has lost volatility and entered a narrower channel, and then another even tighter

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.