GBP/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Cable in on the verge of breaching the upper edge of the bearish channel pattern. It has been testing the trend-line since September 8, and we expect the bullish market participants to finally push the Sterling upwards versus the American Dollar. Positive momentum should be provided by the weekly R1, daily S1 and 55-hour SMA on Thursday. In addition, bearish case is  becoming even less likely, when we are taking into account other supports within the pattern (SMAs, weekly PP). Market sentiment among SWFX traders is slightly bullish (53%) at the moment. On the other hand, technical studies are giving completely mixed signals on different time frames right now.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 10 Sep 2015 06:23:04 GMT

EUR/SGD 4H Chart: Triple Bottom

A rare triple bottom pattern has been emerging in the four-hour chart for the EUR/SGD currency pair. The cross is still trading both below the upper trend-line and above any of the valleys. We may observe a bounce back from the pattern's horizontal resistance soon, which is placed just above the 1.60 mark. In this case the pair will start

Wed, 09 Sep 2015 14:56:05 GMT

AUD/JPY 4H Chart: Double Bottom

AUD/JPY is creating a classical double bottom pattern, where two valley peaks are located precisely at the same level of 82.12. At the moment the Australian Dollar is gaining strength versus the Japanese Yen, but the pair is projected meet a substantial resistance in the nearest future, which is composed of the monthly pivot point and 100-period SMA at 86.32/87.02.

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.