EUR/GBP 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After plunging by more than 100 pips for less than one day time, the downside pressure abated and the Euro managed to rebound against the British Pound. The recovery was developed within the boundaries of the rising wedge pattern started on December 17.
Now EUR/GBP is trading below the lower limit of the pattern, albeit slightly, that may signify the breakout. Traders also are not optimistic about the pair-84.74% of positions are short-suggesting that the breakout may have been real thus we may observe an accelerating decline before long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 24 Dec 2013 11:37:09 GMT

GBP/JPY 4H Chart: Channel Up

After little and at some intervals even no activity between May and October this currency pair managed to commence a robust recovery that already amounts to 14 figures. Given that both the lower trend-line and the 200-period SMA stay intact, the bullish momentum is not exhausted yet and may push the price even higher. While being underpinned by the strong

Tue, 24 Dec 2013 07:15:05 GMT

EUR/CAD 1H Chart: Channel Down

A sharp November's appreciation came to an end when the pair touched a three-year high on December 18 that became a start of the opposite trend; the currency pair commenced a sell-off, being trapped by two downward sloping lines. Despite the fact the pattern is relatively short, only 69-bar long, it has already erased some of the recent EUR/CAD gains,

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.