GBP/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
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 at 1.9475, represented by the 200-period SMA and the lower boundary of the channel, meaning there should be a rebound to 1.9850 before another down-wave. In the meantime, the SWFX traders have mixed feelings with respect to GBP/AUD, as 47% of them are long and 53% are short the Sterling.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 06 Mar 2015 07:56:05 GMT

USD/SEK 4H Chart: Falling Wedge

Despite a failure of USD/SEK at 8.50 in February, the overall outlook remains positive. The currency pair is currently forming a falling wedge, meaning in the end demand is expected to exceed supply. Once the pattern is broken to the upside, the US Dollar will be set to appreciate and re-challenge the Feb high at 8.5576.However, this scenario may well

Thu, 05 Mar 2015 13:34:24 GMT

GBP/AUD 4H Chart: Channel Up

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

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.