XAU/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The yellow metal has been following a distinct upswing since late December when it dived under $1,200 per ounce. At the moment, the climb is developing within the limits of the 154-bar long channel up pattern. On March 3, XAU/USD managed to near a four-month high of 1,355.21 as bulls were predominating amid turmoil in Ukraine and negative jobs market data from the U.S. There are no indications that the precious metal may change direction in the hours to come. The SWFX data shows that over 73% of positions are long, while technical data sends mixed signals, pointing to strength in short term and weakness in medium term.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 07 Mar 2014 08:34:41 GMT

EUR/SEK 1H Chart: Falling Wedge

EUR/SEK exhausted its potential during a rally to a three-month high of 9.0119. After peaking at this high, the pair has been declining and entered a falling wedge pattern late February; now the pattern is 120-bar long. At the moment, the currency couple is trading near the upper boundary of the pattern; however, it may be too early to expect the

Fri, 07 Mar 2014 08:07:07 GMT

GBP/USD 1H Chart: Broadening Rising Wedge

Having approached a five-year high of 1.6823, GBP/USD retreated slightly and was trading almost flat during three weeks ended March 4 when the pair embarked upon formation of the broadening wedge pattern. The pair has been bounded by gradually diverging lines for 58 hours and is likely to remain locked in this trading range given bullishness on the market-almost 54%

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.