AUD/CAD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA

After a sharp drop on 11th of August the pair entered a phase of consolidation and by reaching 1.0170 level a symmetrical triangle on 1H chart was formed. Nevertheless, currently the volatility levels are very low, thus a break-out is not likely in the next couple of periods. Moreover, there is a higher probability of a sell-off than a rally, since the trend was bearish before the pattern formed. Also the sentiment towards the pair is strongly bearish, with 70.60% of the traders expecting the Aussie to decline. Thus, a base scenario is where the pair dives beneath the 200-period SMA and weekly PP at 1.0161/58 and weakens towards the weekly S1.

 

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Aug 2014 08:15:08 GMT

EUR/SGD 4H Chart: Channel Down

The pair lost its long-term bullish momentum at the middle of March and it has dropped more than 1000 pips since then, meanwhile, forming a Channel Down pattern. The trading range seems to be narrowing as the previous minor high was at 1.6805, around 50 pips below the down-trend resistance line. If the 4H and daily technicals are mixed then

Thu, 14 Aug 2014 13:46:18 GMT

EUR/JPY 4H Chart: Channel Down

The EUR/JPY currency pair has been generally declining since the beginning of this year; however, the current channel down pattern has been formed relatively recently, namely on July 3. Despite trading in the upward correction right now, the pair is likely to decline even more in the longer term, as the majority of daily and weekly technical indicators point to

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.