AUD/USD 1H Chart: Symmetrical triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following the symmetrical triangle pattern, the AUD/USD currency pair can be expected to continue its way south from the 0.7628 level where it has been testing the upper trend-line. If the trend does continue, the currency will overstep the bottom trend-line at 0.7591, followed by a dip towards daily S2 at 0.7567. The crossover of the 55-hour SMA and the 100-hour SMA however gives reason to believe that a trend reversal could take place as well. In case the pair does break through the level at the top trend-line of the triangle, it will fail at the intermediate resistance of 0.7636, bounce back from the trend-line and then rally towards the 200-hour SMA, and if broken – an attempt to cross the daily R2 at 0.7658 will be made. Aggregate hourly and 4 hour technical indicators on the other hand do show potential gains from taking short positions - a forecast supported by the ascending wedge pattern formed in the daily chart since May.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 25 Aug 2016 07:02:03 GMT

GBP/NZD 4h Chart: Double Bottom

The GBP/NZD currency pair is attempting a trend reversal, as shown by the double bottom at 1.7747, suggesting that the price could go up in the nearest future. The 1.8075 mark is where the price lies right now, hovering between the 100-period and 55-period SMAs. As volatility stays quite low in August, SMAs and Bollinger Bands are tightly clustered around

Wed, 24 Aug 2016 12:34:03 GMT

CAD/HKD 4H Chart: Channel Up

The Canadian Dollar is in an ascending channel pattern against the Hong Kong Dollar, and the currency exchange rate recently reached the patterns support line at 6.0000 for a second confirmation. The pair is set to surge and gradually move to the pattern's upper trend line at 6.1150. However, on the way to the pattern's ceiling the rate is set

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.