GBP/USD H1 Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank
The pair has formed a falling wedge pattern on H1 chart. There is a downward price trend bounded by two intersecting down-sloping trendlines. Decreasing volatility indi-cates the uncertainty about the further price move and traders will likely wait for the pattern breakout to set P/L levels.

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Tue, 17 Jan 2012 17:43:55 GMT

EUR/USD H1 Chart: Channel Down

EUR/USD continues downside move within a broad channel of nearly 300 pips. The pattern started to form on December 29 and contains 257 bars on H1 chart. The quality of the pattern is 57%, because the price has struggled to reach the support line at around 1.2496 level and changed the direction at 1.2619.

Thu, 12 Jan 2012 16:33:58 GMT

AUD/USD 1 Hour Chart: Ascending Triangle

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