EUR/AUD 4H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/AUD breached its 200-bar SMA in mid-April that initiated a long upward movement of the pair. The currency pair was trading between two upward-sloping lines throughout the last four months, crossing the 200-bar SMA only once and recovering fast after falling below this important level. EUR/AUD is likely to continue its bullish trend, but daily resistances at 1.4918 and 1.4959 may prevent strong gains of the pair. Moreover, in the long run, the pair may overcome an upper channel line and see an accelerating rally. However, a slight decline also may appear, if the pair breaks the daily support at 1.4814 and moves towards the second daily support at 1.4750.
© Dukascopy Bank SA
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Thu, 22 Aug 2013 07:21:49 GMT

EUR/CHF 4H Chart: Channel Up

After diving beneath its 200-bar SMA, the pair remained under this significant level that started to act as the strong resistance. However, on August 13 EUR/CHF managed to jump above its 200-bar SMA to approach the upper trend-line of the pattern. Having touched the upper boundary, the pair reversed its direction, falling below its 200-bar SMA and moving close to

Thu, 22 Aug 2013 07:20:53 GMT

GBP/AUD 4H Chart: Rising Wedge

A rise above the 200-bar SMA fostered an on-going upward trend of the pair that was faltering between the pattern's trend-lines that are currently at the levels of 1.7526 and 1.7030. At the moment, GBP/AUD is struggling at its daily support at 1.7314. In case the pair drops below this level, it is likely to meet a bunch of support

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