GBP/AUD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Duakscopy Bank SA
© Dukascopy Bank SA
GBP/AUD has been showing a very stable performance, appreciating since February, and adding 0.54% to its value today. However, the pair is facing a bunch of strong resistance levels– three-year high and pattern's resistance, meaning bulls may face difficulties after some time. In addition to that market sentiment is strongly bearish, suggesting market is overbought already and a short retracement is needed. In contrast, aggregate technical indicators and sending "buy" signals, pointing at further appreciation. The short term outlook would be bearish, while in a longer period the pair is likely to resume following an uptrend.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 21 Aug 2013 13:38:14 GMT

EUR/SGD 4H Chart: Channel Up

Euro– Singapore Dollar cross has been showing similar performance to what we've seen in GBP/AUD, as after a long period of appreciation the pair is approaching December 2011 high. A recent choppy session indicates that bulls are struggling to push the pair higher. Nevertheless, tools of technical analysis are pointing at further appreciation of the pair, as 70% of all

Wed, 21 Aug 2013 07:40:06 GMT

EUR/SEK 1H Chart: Rising Wedge

After bottoming out at 8.6196 the currency pair reversed the direction and took a course north towards the 200-hour SMA that was successfully breached. This long-term moving average has served since then as the reliable support, preventing the continuously occurring dips from extending—they usually followed the attempts of EUR/SEK to jump over the bullish resistance trend-line, currently to be found

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.