AUD/USD reveals new pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The AUD/USD breaking of the previous pattern has occurred in a channel up pattern. The minor pattern was added to the chart on Tuesday. Meanwhile, note that the pair has been respecting the support of the 50-hour simple moving average and the resistance of the weekly simple pivot point at 0.7431.

In the case that the rate continues to surge in the channel up pattern borders, it would have to pass the weekly simple pivot point at 0.7431. A passing of the pivot point could reach for the resistance of the upper trend line of the channel. Meanwhile, note that the 200-hour simple moving averages was approaching the pattern from above.

However, a bounce off from the weekly simple pivot point would result in the rate looking for support. Potentially, support could be found in the 50-hour simple moving average, which on Tuesday morning was located near 0.7403. Below the SMA, the lower trend line of the pattern could keep the rate up.
Back to articles

Actual Topics

Tue, 09 Nov 2021 08:39:49 GMT

GBP/JPY trades sideways

First of all note that the recent fluctuations of the GBP/JPY have provided the opportunity to adjust the support and resistance zones, which impact the rate. Namely, the rate trades between the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Meanwhile, note that between the support and resistance zone the 50-hour simple moving average is located at. The SMA has

Tue, 09 Nov 2021 08:06:01 GMT

EUR/JPY tests support zone

The resistance of the 50-hour simple moving average was enough for the EUR/JPY to decline to the support zone at 130.75/130.90. The first decline of the rate was stopped by the support zone. However, on Tuesday morning, the pair shortly passed below the zone. Meanwhile, the EUR/JPY was being steadily approached by the 50-hour simple moving average from above. If the

Subscribe to "Fundamental Analysis" feed

Souscrire
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.