USD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Comment: Greenback is gaining value after a significant end of May to mid-June sell off. It is reasonable to think that Fibonacci retracements of that move could have significant impact on the pairs move. Fibo 61.8% level already caused some problems when pair wanted to bounce from the pattern's support in the beginning of July. Technical indicators, however, give a strong indication about pairs further appreciation.  It shouldn't be before long we will see it testing 56 month (since August 2010) high at 107.7.

© Dukascopy Bank SA
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Mon, 08 Jul 2013 14:50:42 GMT

AUD/SGD 4H Chart: Channel Down

A 87-bar long Channel Down pattern was formed by AUD/SGD on the 4H chart in the middle of June. Even though at the moment of writing the pair was approaching the upper trend line, the majority of technical indicators are sending "sell" signals, suggesting bulls will not be able to break this level from the first attempt. Moreover, on Friday

Mon, 08 Jul 2013 14:29:30 GMT

EUR/NZD 1H Chart: Channel Down

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