GBP/USD 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Sterling is expected to fail against the Greenback very soon, as this  pair has just reached the pattern's upper edge. However, considering continuation nature of the of descending triangle, GBP/USD is likely to break out of it with an upward confirmation. Now activity of the bulls is not at the highest possible level, even though the 4H technical indicators assume another scenario and the SWFX distribution between long  (40%) and short (60%) positions will start favouring the former in the future. If there is a climb beyond 1.4673, namely the last weekly resistance, then the longs will make much serious attempts to regain the current May peak at 1.4771, followed by the monthly R1 at 1.4855.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 May 2016 06:27:20 GMT

AUD/JPY 4H Chart: Ascending Triangle

Although the Aussie has been heavily sold off since the end of April, there is a good chance the bearish momentum is soon to give way for a rally, at least in the near term. The main reason to be bullish on AUD/JPY is the way the pair consolidates—it is forming an ascending triangle, which implies growing demand. Accordingly, if

Thu, 19 May 2016 14:59:05 GMT

AUD/CAD 1H Chart: Triangle

While AUD/CAD has been trading mainly sideways over the past few days and the trading range has been falling, it managed to create a symmetrical triangle pattern. This particular case implies a bearish outlook for the future, as triangles assume the previous downside trend of the pair will be continued at some point of time. Now we are watching the

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.