GBP/AUD 4H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The GBP/AUD currency pair has also been trading upwards, while a bullish tendency here has been in place since the middle of November. Despite that, at the moment the Sterling is undergoing a period of correction against the Australian Dollar. The pair has bounced back from the upper trend-line on February 12 and is now trading downwards. It has recently crossed a difficult demand area at 1.97 (monthly PP, weekly S1); therefore, probability of a further decline increased considerably. Moreover, short-term technical studies are giving aggregate bearish signals, while 50.53% of SWFX traders are negative towards future perspectives of the cross.
© Dukascopy Bank SA
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Fri, 06 Mar 2015 07:35:00 GMT

GBP/AUD 4H Chart: Channel Down

Though the market is bullish (GBP/AUD is in a distinct up-trend since Sep 2014), there is potential for a current decline to extend down to the six-month support line at 1.88 before the bulls regain control of the currency pair. In the near term, however, there is likely to be a short-lived rally. The Pound is currently facing strong demand

Thu, 05 Mar 2015 13:23:05 GMT

USD/CHF 1H Chart: Channel Up

Since the very end of February the Dollar/Franc has been following two upward-sloping trend-lines, even though for several times they were violated for short time periods. Still, a distinct bullish trend is clearly visible. Moreover, these are  some signals that the Greenback will continue gaining ground against the Swiss Franc. At first, one-hour technical indicators are pointing to the north,

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