EUR/AUD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The EUR/AUD currency pair has entered a rising wedge pattern on the 22 of May. After a rather sharp sell-off, the Euro managed to regain the bullish momentum, but only to find resistance at the pattern upper border at the end of the month. Since then the pair experienced significant volatility, bouncing back from both pattern borders. Right now the exchange rate is approaching the lower border, which should cause a rebound, as it is also bolstered by the daily S1 and weekly PP. At week's end the single currency is likely to reach the 1.45 level near the weekly R1 if it manages to stay within the pattern today. The sentiment is quite bearish, with 68% of all positions being short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 03 Jun 2015 11:56:04 GMT

AUD/NZD 1H Chart: Broadening Rising Wedge

Despite touching the upper edge of the broadening wedge pattern on Wednesday morning, the AUD/NZD cross shows no clear intentions to depreciate at the moment. Earlier on June 3, the daily R1 support line managed to hold bears from pushing this currency pair to the downside. At the same time, the Aussie is required to close even lower in order

Tue, 02 Jun 2015 14:19:04 GMT

EUR/JPY 4H Chart: Channel Up

The common European currency is being pushed to the upside against the Yen by bullish factors from the Euro zone and broad weakness of the Japanese currency. EUR/JPY has just recently penetrated the monthly R2 at 137.93 and continues heading upwards. The pattern's resistance is located within a distance of one figure, but it is strongly guarded by the monthly

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.