GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After a short retreat from a five-year high of 1.6823 hit in mid-February, GBP/USD started to advance again, forming a 92-bar long bullish tunnel.
While trading within the channel, the pair has almost erased all earlier losses and now is heading towards the recent high. However, market players are not univocal, with a half of them being bullish and a half-bearish. Technical data is less bewildering, sending bullish signals for medium and log terms. To confirm the this, the currency couple has to bounce off the level of 1.6732 (daily PP, four-hour S1) and move to 1.6749 (daily R1) that is capable of stopping the advance for some time.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 03 Mar 2014 08:51:59 GMT

EUR/CAD 1H Chart: Channel Up

Since early November the single currency has been indefatigably rising against the Canadian Dollar. The latest part of the rally has been taking place within the area bounded by two parallel upward sloping lines that pushed the pair towards a four-year high of 1.5398 in last trading session of February. Now the pair is trading near the lower trend-line that

Mon, 03 Mar 2014 08:51:47 GMT

AUD/USD 1H Chart: Channel Down

AUD/USD did not manage to recover all losses after it slid to a four-year low of 0.8659 in the second part of January. Having touched this low, the pair followed an upside trend; however, the rally was short-lived and already on February 18 the currency couple entered a bearish channel, within which it has been locked for the last 175

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.