AUD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After a sharp appreciation ended early April, AUD/JPY took a break to trade near a record high of 96.14 during several weeks. However, the pair stopped swinging between small gains and losses early May when it commenced a clear bullish trend.
At the moment, AUD/JPY is meandering near the upper limit of the tunnel and may even try to surpass this formidable resistance given that almost 70% of all orders are placed to buy the pair. If this comes true, we are likely to see an accelerating advance that is capable of pushing the currency couple above the recent peak.
© Dukascopy Bank SA
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Wed, 14 May 2014 12:13:23 GMT

XAU/USD 4H Chart: Channel Down

There is a potential bearish channel emerging on the four-hour chart of XAU/USD. For the past 230 bars the gold has been generally depreciating, but at the same time it has been respecting two parallel falling trend-lines. This implies that the currency pair will not be able to advance beyond 1,315.80, which, apart from being the upper boundary of the

Wed, 14 May 2014 07:14:04 GMT

EUR/JPY 1H Chart: Channel Down

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