AUD/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After moving sideways during several months, the Australian Dollar commenced a retreat against the Japanese Yen. The drop has been progressing in the corridor of two downward sloping lines that have been acting as boundaries of the 367-bar long channel down pattern. In present instant, the currency couple is moving towards the upper boundary and is likely to approach this level as suggested by market participants who are bullish on the pair in 75% of cases. Technical indicators also are sending bullish signals for medium-term but are neutral for short and long terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Dec 2013 07:12:55 GMT

EUR/AUD 4H Chart: Channel Up

Since early November the Euro has been appreciating versus the Australian Dollar, forming a channel up pattern that took the pair to more than a five-year high. A stab to this peak incited a sharp decline of the pair that slumped to the pattern's support. However, thanks to the 50-bar SMA that is sitting close to this support zone, the

Fri, 27 Dec 2013 07:11:27 GMT

USD/PLN 1H Chart: Channel Down

A rise to a two-year high in mid-November put a heavy selling pressure that since then has been weighing on USD/PLN. Despite more a month-long sell-off, the downside pressure has not abated yet and recently has sent the pair to a three-year low. The decline to this low was performed within the limits of the channel down pattern that was

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.