GBP/AUD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
At the moment GBP/AUD seems to be well-positioned for gains in the coming weeks. The currency pair has just confirmed the rising support line at 1.838, which is expected to keep guiding the Sterling further north against the Aussie, as it has been doing for the last 100+ days. The demand area is also reinforced by the 200-day SMA, meaning a close below 1.83 is a highly unlikely event in the nearest future. Additionally, the weekly and monthly technical indicators favour emergence of a rally. Meanwhile, the SWFX market participants appear to be undecided with respect to GBP/AUD, being that the current distribution between the longs and shorts is perfectly equal.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 Jan 2015 14:28:04 GMT

EUR/NZD 1H Chart: Broadening Falling Wedge

Since the Christmas date of December 25 the single European currency has been underperforming the New Zealand's dollar. Moreover, the trading range tends to be rising; therefore, the broadening falling wedge pattern was eventually formed by this currency pair. Concerning the outlook for this pair's future, we assume the cross is likely to increase in value in the short-term, by reaching

Mon, 19 Jan 2015 07:05:44 GMT

NZD/CAD 4H Chart: Channel Up

The New Zealand Dollar has been consistently outperforming its Canadian counterpart during the first half of January, leading to formation of a bullish channel. There is a high chance this tendency will persist, though NZD/CAD is likely to retreat back to the 0.9250/00 area before another up-swing.If the demand represented by the up-trend, Jan 15 low and monthly R1 proves

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.