XAU/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although the yellow metal has been retreating since the end of October, a formation of the channel down pattern started only in mid-November. Recently, XAU/USD has touched a three-month low of 1,227.27, the level which was low enough to give the pair an impetus for appreciation. Currently, gold is trading slightly above its 50-hour SMA and is expected to extend its rally as 54.86% of traders are bullish on the precious metal. Meanwhile, technical indicators are neutral for short and medium terms but are sending strong bearish signals for the long-term.
© Dukascopy Bank SA
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Wed, 27 Nov 2013 07:44:32 GMT

AUD/USD 1H Chart: Channel Down

Examining the channel down pattern formed by AUD/USD for the second time, we may see that the Australian Dollar extended losses versus its U.S. peer, reaching almost a three-month low on November 26; this compares to a five-year peak hit on October 23 when the pair commenced a decline. At the moment of writing, the pattern was 129-bar long

Tue, 26 Nov 2013 14:42:56 GMT

EUR/SGD 1H Chart: Channel Up

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