AUD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aussie-yen cross is recovering after the April to August fall from 105 to  87 JPY. Although it is not the first attempt to recover some of the losses, it is the longest and most noticeable for sure. For the past few days pair has been moving along the pattern's support. Taking in to account the aggregate readings from short and medium term technicals we could expect major gains. Significant role in this will be played by the steep slope of the pattern's trend which is reflected in the high magnitude rating of the pair. Although prior to the to the pattern pair lost value noticeably, Fibonacci retracements seem to have no impact on the pair due to the few failed attempts to recover some of the losses.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 17 Sep 2013 12:58:34 GMT

USD/SEK 4H Chart: Rectangle

Pair has been trading in a 2500 pip range since the middle of July. At the moment is approaching pattern's support. Short and medium term technicals suggest that the pair should slow down in the nearest future  and bounce from the it in the nearest future. Long term technicals, however,  give strong neutral outlook, which could be interpreted as pairs

Tue, 17 Sep 2013 07:15:23 GMT

AUD/CHF 1H Chart: Triple Top

A triple top pattern usually depicts the three unsuccessful attempts of the pair to consolidate at similar high levels, often leading to a plunge of the currency couple. After three consecutive stabs to a region of 0.8685/711, the AUD/CHF now is gradually retreating, moving closer to the pattern's support that if overcome may put a heavy selling pressure on the

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.