EUR/GBP 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/GBP is currently trading in boundaries of two trade patterns, including the falling wedge and a descending triangle, both formed on a 4H chart. Keeping in mind lower trading volumes, and the fact both trend lines will converge in a couple of days, the pair is likely to be highly volatile soon. The outlook is bearish both from the perspective of technical and fundamental analyses. Mario Draghi will talk down the Euro, while aggregate technical indicators on a 4H and daily charts are sending ‘sell' signals, meaning the pair will depreciate soon. The number of buy and sell pending orders is almost equal, hence, traders, are not confident about the long-term outlook.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 May 2014 14:02:35 GMT

AUD/SGD 1H Chart: Channel Up

As AUD/SGD found strong support in the face of 1.1561 on May 2, it was able to commence a robust recovery and eventually form a bullish channel. And while the short run is associated with downside risks due to a current downward correction from the upper trend-line, in the longer-term perspective the Australian Dollar is likely to continue to appreciate

Thu, 08 May 2014 11:10:07 GMT

USD/ZAR 4H Chart: Channel Down

On Thursday the USD/ZAR pair penetrated the important support line at 10.361. The sell-off was not a result of fundamental news, hence, the pair is currently driven purely by the technicals. And according to aggregate technical indicators, the pair will continue depreciating. Market sentiment is slightly bearish as well, despite the fact the greenback is bought in 71% of 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.