USD/RUB 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Duakscopy Bank SA
© Duakscopy Bank SA
The U.S. Dollar was depreciating against the Russian Rubble until it touched more than a one-month low on October 23; this mark was low enough to mollify selling pressure and help the pair to start sharp advance and form a channel up pattern.
At the moment, the currency couple is trading above its 50-hour SMA and seems to be not willing to slow down the pace of appreciation. However, market sentiment does not confirm this, showing that 64.52% of traders bet on a decline of the pair. Meanwhile, technical indicators are sending mixed signals, suggesting a bullish trend in short and medium term and a bearish– in long-term.
© Duakscopy Bank SA
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Fri, 01 Nov 2013 07:08:25 GMT

AUD/JPY 1H Chart: Channel Down

Having hit a four-month high on October 22, AUD/JPY reversed its trend to the south, shaping a channel down pattern that started two days after the peak was reached. The pattern is relatively short, only 91-bar long; however, there are no cues suggesting that the pair may attempt to breach the pattern soon, meaning that the trend may appear enduring

Fri, 01 Nov 2013 07:07:39 GMT

AUD/USD 1H Chart: Channel Down

Now it seems worth looking at the channel down pattern formed by AUD/USD once again as the pair is approaching the upper limit of the pattern that may result in a breakout before long. According to the SWFX data, market participants also support the idea that the pair may advance soon, being bullish in almost 60% of cases. At the

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