EUR/GBP 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/GBP pair will soon become highly attractive for traders. Following last Thursday's rally, the pair pulled back from pattern's resistance and at the moment of writing was trading at 0.8250, just 9 pips above the support line. Despite the fact market sentiment is slightly bearish, and keeping in mind a recent throwback, the pair is likely to depreciate. However, technical indicators on a 4H chart are suggesting pair's appreciation, while slight majority of pending orders in a 100-pip range are placed to buy the single currency against the Pound. Nevertheless, not later than on February 6 the pair will perform an upside or downside rally and will not be trading in pattern's boundaries.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 28 Jan 2014 07:01:50 GMT

AUD/USD 1H Chart: Falling Wedge

The trading range of AUD/USD has been bounded by two gradually converging and downward sloping lines for more than 270 hours. Recently, the currency couple has attained a five-year low of 0.8662 that provoked a rally and helped the pair to reach the upper-limit of the pattern. At the moment, AUD/USD is struggling at its 200-hour SMA that prevents the

Mon, 27 Jan 2014 12:39:50 GMT

NZD/USD 4H Chart: Rising Wedge

Kiwi is poised to become one of this year top performers, however, even they cannot appreciate forever. Hence, after forming a rising wedge pattern on November 29 the pair is approaching pattern's lower boundary, suggesting bears are ready to push the pair lower. Everything now is speaking in favour of a downside breakout, with technical indicators being either neutral or

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.