EUR/GBP 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Right now EUR/GBP is trading within the boundaries of the bullish channel, as the pair was unable to push through the demand area at 0.74 on Jan 25. However, a similar pattern emerged during the Jan 15-22 period, and subsequently there was a break-out to the down-side, suggesting this is also but an upward correction, and the bearish risks are increased. In any case, the near-term outlook is strongly negative, being that the Euro has just confirmed the resistance at 0.7540, and the currency is now headed towards the lower trend-line at 0.7451. The SWFX sentiment is slightly bearish—54% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 02 Feb 2015 10:05:05 GMT

USD/JPY 1D Chart: Descending Triangle

Judging by the latest developments in USD/JPY, namely emergence of a descending triangle, the demand for the US Dollar is currently weakening. Accordingly, there is an increased chance of a break-out to the downside.If the support at 116 is violated, the bears will likely push the price six figures south, towards the demand area around 110, created by the monthly

Mon, 02 Feb 2015 06:54:24 GMT

USD/TRY 1H Chart: Channel Up

USD/TRY has recently resumed its recovery from 2.27 by forming a bullish channel on an hourly chart. Accordingly, once the currency pair touches the lower boundary of the pattern at 2.4323 as a result of a downward correction, the US Dollar will be expected to start a rally that will surpass the Jan 30 high and lead to a test

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.