EUR/AUD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
In the first half of August of 2012 EUR/AUD bottomed out at 1.16 and since then the currency pair has been trading in an up-trend, which gradually developed into a bullish channel, being that the price has been consistently respecting two rising lines. Considering that the rate has recently bounced off the lower boundary of the pattern, it is expected to remain on a bullish path until the upper edge at 1.5964 is reached. Additional positive signs are provided by the daily and monthly technical indicators, most of which are currently giving ‘buy' signals. On the other hand, the SWFX sentiment is strongly bearish at the moment—73% of open positions are short on EUR/AUD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Dec 2013 14:14:16 GMT

NZD/CAD 4H Chart: Channel Up

A channel up pattern formed by NZD/CAD is just 51 bar long, nevertheless, both quality and magnitude are above the average. On Monday the pair has already reached a new high of 0.8866, previously reached in July 2005, making it difficult for bulls to move further. Nevertheless, technical indicators are supporting the case of further appreciation. At the same time,

Mon, 09 Dec 2013 07:55:14 GMT

EUR/JPY 4H Chart: Channel Up

EUR/JPY was trading sideways during eight months ended November 6 when the pair commenced an appreciation that allowed the EUR/JPY to shape a narrow channel up pattern. At the moment of writing, the currency pair was faltering close to the upper limit of the pattern and may breach this resistance given that 68.25% of market players are bullish on the

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.