AUD/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After losing value constantly since the beginning of this working week, it seems that the Australian Dollar has found strong demand around 0.95, both in face of pattern's support and daily S1. For now, a halfway towards the upper trend-line is already covered, and it is expected that the Aussie will continue hovering to the upside in the near and medium-term. Hourly technical indicators are giving signals to buy the South-Pacific currency. However, in the mid-term they estimate a reversal, meaning that the pair will most probably respect boundaries of the channel down pattern. Meanwhile, market is almost equally divided between longs and shorts, with a 51% advantage of latter ones.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 03 Apr 2015 12:04:12 GMT

EUR/AUD 4H Chart: Channel Down

The Euro/Aussie currency pair has been forming the present channel down pattern starting from the third week of December. Since then, the pair has covered 377 candles and lost about 1000 pips. Moreover, as the pair has just approached the upper boundary of the figure, there is a high probability of even steeper decline in the near-term. Pattern's resistance is

Fri, 03 Apr 2015 06:15:04 GMT

AUD/NZD 4H Chart: Channel Down

Although AUD/NZD has been forming a falling wedge for a considerable amount of time (since the second half of 2014), the currency pair did not turn around, as implied by the pattern. Instead, the price closed beneath the lower trend-line, and it keeps moving south. However, right now there should a bullish correction. AUD/NZD has just met a dense demand

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.