AUD/USD 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Recently the Australian Dollar has been surging against the US Dollar in an ascending channel pattern. Although most recently the markets have been dictated by the strength of the US economy and subsequently the US Dollar than other currencies, the Aussie recently has scored gains against all other currencies. On a larger scale the pair is also in an ascending channel, and the smaller channel is a result of a rebound from the large scale pattern's lower trend line, which was supported by the 50.00% Fibonacci retracement level. The Fibonacci retracement levels, which have proven themselves to be significant on this rate, are measured from the 2016 high level of 0.7835 to the 2016 low level of 0.6828.
© Dukascopy Bank SA
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Fri, 25 Nov 2016 13:02:12 GMT

AUD/CAD 4H Chart: Channel Up

The Australian Dollar recently rebounded against the combined support level of a 50.00% Fibonacci retracement level and lower trend line of a large scale ascending channel patter against the Canadian Dollar. As a result of the rebound a smaller ascending channel formed, which represents how the rate surges to new heights at least for now. Most recently the currency exchange

Fri, 25 Nov 2016 07:39:32 GMT

GBP/CHF 1H Chart: Channel Up

Our overall outlook on the Sterling is bullish, but in the short term the currency is likely to lose value against the Franc. Over the last 10 days GBP/CHF has formed a high-quality ascending channel; however, at the moment the price is trading right at the upper bound of the pattern, which implies a downward correction. Accordingly, we expect supply

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