GBP/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After reaching the monthly S1 at 181.60 on 16th of December the pair started to from a falling wedge pattern, as a bullish impetus was received near the level.
The trading range is narrowing and thereby the possibility of a break-out is increasing. Although, the SWFX traders' sentiment is neutral for the time being with 52.42% of them having opened short positions. Meaning that the pair might re-test the major level at 190 or slide towards the 182 level once again. However, the 4H technical studies are pointing strongly to the upside, suggesting that the possibility of a bullish break-out is bigger than of a bearish one.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 22 Dec 2014 10:12:23 GMT

AUD/CAD 4H Chart: Broadening Falling Wedge

The Australian Dollar has been outperformed by the Canadian peer already since early September. However, this broadening falling wedge pattern started to form, after a period of consolidation through October. The bearish pressure is not increasing anymore and with the low volatility the probability of continuous decline is getting smaller. Nonetheless, the 4H technical studies are still bearish, thus the

Fri, 19 Dec 2014 15:30:06 GMT

USD/CAD 4H Chart: Channel Up

At the moment the USD/CAD currency cross is testing the lower boundary of the bullish channel, which was reached a couple of hours ago. Taking into account the present market conditions, the pair will most likely manage to bounce from this line and trade upwards in the medium-term. The closest support for the cross is provided by the 1.1525 level

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.