GBP/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After peaking at 1.9189 on January 24 the Pound began losing ground versus the Aussie. The trend has an explanation from the fundamental analysis, however, what is more important, is the fact, the pair has been moving perfectly within the Fibonacci retracement since March 12, 2013. Just 12 days ago bears made another attempt to penetrate the lower trend line, however, the price bounced back. A sharp increase is unexpected, even despite the fact 68% of traders are holding long positions. 23.14% Fibo and a 200-period SMA at 1.8077 are likely to stop pair's appreciation, and according to technicals on a daily and weekly chart, the pair will continue moving to the south.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 23 Apr 2014 06:11:35 GMT

XAU/USD 1H Chart: Descending Triangle

The most traded precious metal has been in the down-trend since mid-March when it reached a six-month high of 1,390.00. Throughout the time of its weakness, the bullion shaped a 321-bar long descending triangle pattern. XAU/USD has recently breached the pattern's support at 1,283.56 but a breakout did not follow as the yellow metal managed to return to the triangle area.

Tue, 22 Apr 2014 12:25:10 GMT

USD/DKK 4H Chart: Channel Down

The USD/DKK pair has been moving sideways since July and it seems that the pair has found a strong support at 5.3438, a level that has not been penetrated for more than 3 years. Market sentiment (73%) and technical indicators on the 4H chart are suggesting the short-term outlook is bullish and the pair will bounce back from the 200-period

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.