GBP/USD 4H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/USD has already lost around 500 pips since it was trading near the major level at 1.72 and a further decline is possible since there is a Falling Wedge pattern emerging on the chart. The Daily technical studies are pointing south, strengthening the bearish outlook. Although, to prove its bearish intentions the pair has to slide below the 1.67 level, after approaching the upper boundary around the weekly PP at 1.6741. Nonetheless, the pair's sentiment is slightly bullish, with 57.43% of the SWFX traders expecting the Pound to outperform the U.S. counterpart. The medium term target level for the pair's bears is the major level at 1.66.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Aug 2014 12:02:07 GMT

EUR/JPY 4H Chart: Channel Down

The EUR/JPY cross is trading in the bearish channel since the beginning of July. Recently, the pair has breached the upper boundary of the channel; however, it managed to return back very fast. At the moment the Euro is facing a major level at 137 and, if it is breached, the Euro will most likely drag down in the direction

Tue, 19 Aug 2014 08:27:05 GMT

USD/SGD 1H Chart: Channel Down

On 11th of August USD/SGD started to form a bearish channel. Therefore, it is expected that the Greenback might be losing value versus the Singapore's peer in the foreseeable future. Although, this scenario is not supported by the technical indicators,  with the daily technicals pointing to the north. Moreover, the pair's sentiment is strongly bullish (71.95%) and since the pair

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.