GBP/NZD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 238-bar long channel up was formed by GBP/NZD on July 9 and it seems that pattern is moving to its apex, as bulls are pushing the pair below the support line. Even though, usually, this move is interpreted as a "sell" signals, in this particular case the pair is likely to continue depreciating. At the moment of writing 56% of traders were holding short positions, meaning a slight majority of traders are expecting a beginning of a downtrend after the pair has been channelling up for 238 bars. Moreover, Stochastic is neutral on all timeframes, pointing at the continuation of the current movement and showing no possible turning points.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 17 Sep 2013 14:19:12 GMT

GBP/CAD 4H Chart: Rectangle

On September 10 many traders were suggesting GBP/CAD is likely to complete a double top pattern by penetrating pattern's support line. However, as it often happens, the price bounced back from this level and now the pair has formed a rectangle pattern, which is not expected to last long. The main reason behind such a suggestion is that aggregate technical

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

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.