EUR/AUD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Starting from the last week of January, the single currency has been under-performing the Australian Dollar. In addition to that, the pair has bounced back to the south in the beginning of the previous week, and the pace of Euro's decline has only strengthened. The pair is currently testing the monthly S1 at 1.3746, and it is likely to succeed in crossing this important demand area. Bearish intentions are broadly supported by technical indicators on all time-frames. Moreover, 67% of SWFX market participants are holding short opened positions on this currency pair, therefore assuming that bears will be persevering enough to push it down to the lower trend-line by the end of the next week.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 20 Apr 2015 07:00:05 GMT

GBP/USD 1H Chart: Channel Up

The Cable has recently formed a bullish channel, and at the moment it is attempting to exit the trading range the price has been fluctuating within since mid-March. Still, there is a significant chance the upper limit, namely resistance at 1.50, is not going to be broken, despite the pattern and the majority of ‘buy' signals on the four-hour chart.

Fri, 17 Apr 2015 13:08:04 GMT

AUD/SGD 1H Chart: Channel Up

During past two days, AUD/SGD has been increasing in value, even though we have observed some weakness of the cross earlier in the morning on Friday. At the moment, Aussie is hovering around lower boundary of the bullish pattern, and there are mixed signals, whether the currency will manage to rebound both in short and long-term. One-hour and daily technical

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.