EUR/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pattern's quality is not at the highest ranks and the pair might be a bit too volatile, but pattern's nature together with the short term technicals give rather good indication of what we can expect in the nearest future. It is likely that the pair will continue moving along the pattern's support before eventually stabilizing as suggested by the medium and long term technicals. Addition indications about the pairs propensity to trade sideways in the long term is given by the market sentiment. Both, the current open positions and the pending orders are close to 50/50 divide. 

© Dukascopy Bank SA
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Fri, 05 Jul 2013 08:29:59 GMT

USD/JPY 1H Chart: Channel Up

Pairs appreciation is not much of a surprise. However, lack of patterns, which highlighted bullish trend was rather unexpected. Currently pair is trading along the pattern's support. However, as indicated by the short term technicals, pair should pick up the pace and rush towards the pattern's resistance soon.  In the medium term we might see some short term sell offs

Fri, 05 Jul 2013 05:38:15 GMT

AUD/USD 1H Chart: Channel Down

Here the 200-hour SMA played a major role in forming the pattern, unlike in GBP/JPY discussed on the previous page. We may also extend the falling trend-lines further into the past (beyond the last 100 bars) and see that they were respected by the market earlier as well, meaning it should take bulls a lot of effort and time before

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