GBP/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As a rally from 1.84 started on Jan 21 failed to extend beyond 2.00, GBP/AUD began trading in a downward channel. At the moment the ceiling is seen at 1.99, while there is a high chance of a short-term bullish correction if the currency pair approaches the lower boundary of the channel at 1.96. However, the bears are not expected to remain in control of the pair for long. The overall market is bullish, and the channel is likely to turn out to be a flag pattern. Apart from 1.96, additional significant supports are at 1.95 and at 1.9320 (200-period SMA). Meanwhile, the sentiment is moderately negative, with 56% of the open positions being short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Feb 2015 15:45:08 GMT

USD/SEK 4H Chart: Channel Down

The US Dollar has been appreciating relative to the Swedish Krona since the first quarter of 2014, when it traded at 6.33. But because of a lack of momentum USD/SEK is currently struggling to overcome an obstacle at 6.50. Accordingly, while in the short run the exchange rate is likely to decline a little more, eventually the pair should resume

Fri, 27 Feb 2015 05:50:30 GMT

EUR/NZD 4H Chart: Channel Down

As EUR/NZD failed to rally beyond 1.5830 during the first days of February, the currency pair is now headed toward this year's lowest point just beneath 1.48. After a contact with this support the bulls will be expected to push the price back, but the retracement is unlikely to extend further than 1.50, where the multi-week down-trend coincides with 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.