GBP/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/AUD has been surging inside of a channel up pattern for the last month or so, and is currently approaching the bottom trend-line of the pattern. The pair is currently inside of cloud and has been consolidating for the last three sessions. Immediate resistance lies at 1.6918/24 and a break above would lead to tests of 1.6943, while a break below the support of 1.6887/85 and then 1.6877 would open up 1.6877/71 for tests. The 100 and 200-hour SMA crossover signals bearish momentum and could put up supply pressures towards the bottom trend-line around 1.6809
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 12 Dec 2016 15:09:03 GMT

USD/ZAR 1H Chart: Channel Down

In addition to the large scale bearish nature of the pair, USD/ZAR continued the gloomy themes in a descending channel pattern and is currently on its way towards the bottom trend-line. The rate has dashed through a green Ichimoku cloud and will face 13.58 as the next demand zone. A break below the area would lead to tests of 13.51,

Mon, 12 Dec 2016 08:01:03 GMT

CAD/JPY 1W Chart: Falling Wedge

The falling wedge CAD/JPY sketched over a two-year period broke in November, putting up a decent rally of five consecutive green candles. We would expect the surge to continue, but a correction is definitely not out of the picture, as the extensive soar could require some supply to remain sustainable. The correction is supported by the red cloud the pair

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.