GBP/AUD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/AUD currency couple has formed a rising wedge on June 27 and at the moment of writing the pair has been approaching the support line. However, we would not expect a breakout, and as always it would be interpreted as a "buy" signals. Nonetheless, market sentiment is strongly bearish (75%), while technical indicators on 1H charts are pointing at depreciation of the pair. Meanwhile, medium and long term outlook remains strongly bullish and the pair is likely to continue following the uptrend, as aggregate technical indicators on three different timeframes are sending "buy" signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 16 Aug 2013 13:28:37 GMT

NZD/USD 4H Chart: Double Bottom

After a sharp fall 0.8586 on April 30, NZD/USD has formed a double bottom pattern. However, the downtrend is likely to be substituted by an uptrend, as the pair is testing pattern's resistance line for the second time in one month period. In addition to that indicators on 4H and daily charts are sending "buy" signals, suggesting the upper trend

Fri, 16 Aug 2013 07:06:13 GMT

AUD/USD 1H Chart: Channel Down

A fairly sharp rally AUD/USD started at 0.8848 was not sustained for long. The upward impetus was already exhausted when the currency pair approached 0.9221 this Monday. Since then the Australian Dollar has been gradually depreciating relative to the U.S. Dollar, but at the same time has been marking the borders of the corridor it has been trading within. Hence,

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.