EUR/GBP 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the beginning of October, EUR/GBP has been trading sideways, swinging between small gains and losses. On October 17, the currency couple started to shape a channel up pattern; however, the pattern boundaries are not steep and the advance of the pair is mild. At the moment, EUR/GBP is vacillating close to daily pivot point, sitting at 0.8530. According to the SWFX data, traders are divided on the prospects of the pair, with 59.26% of traders being bullish on the pair and 40.74% -bearish. Meanwhile, technical indicators contradict to the traders' outlook, sending bearish signals for the short-term.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Oct 2013 06:51:45 GMT

EUR/PLN 4H Chart: Double Bottom

Having reached almost a two-month high on September 6, the single currency followed a bearish trend against Polish Zloty. In the end of September, the formation of the double bottom pattern started; the currency pair firstly fell to a five-month low, then recovered to the pattern's resistance and after that performed similar movements but with smaller amplitude. Now the pair

Fri, 25 Oct 2013 12:59:01 GMT

USD/SEK 4H Chart: Channel Down

The greenback is losing ground versus other currencies amid fiscal and political uncertainties in the country and it has formed a channel down pattern against the Swedish Krona. Despite a recent false breakout, the pair is still channelling downwards, and according to indicators on a weekly chart, the tendency will persist in a long term. Even though indicators on a

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.