XAU/USD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since XAU/USD approached 1,400 in March, the bears have been in control of the market—the price has declined beneath the 1,250 level. However, considering there has just been a successful test of the lower boundary of the emerging downward channel, in the near-term the gold should prove to be bullish. The rally is expected to reach 1,300 before making a U-turn and resuming the decline. Nevertheless, the probability of a dip in the nearest future is significant—the weekly and monthly technical indicators are pointing downwards, meaning the Gold-long positions are associated with elevated risk and decreased potential for gains.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 27 Oct 2014 14:51:56 GMT

AUD/CHF 1H Chart: Channel Down

The Australian Dollar appears to be a good candidate for a short position. Not only does the currency pair fluctuate in a bearish channel, at the moment it is also trading near the down-trend. Accordingly, AUD/CHF is expected to start moving away from the major resistance at 0.84.The immediate support is represented by the weekly pivot point, followed by a

Fri, 24 Oct 2014 12:24:04 GMT

GBP/USD 4H Chart: Broadening Falling Wedge

The Pound has been developing in a clear bearish trend after a touch of the upper trend-line at 1.6168, which used to be a strong resistance line for pair's bulls, as it is supported both by 200-period SMA and weekly R1 from above. It is worth pointing out that technical studies on all time-frames are sending aggregate signals to 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.