EUR/AUD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/AUD is currently trading in what appears to be a descending channel, and this implies further depreciation of the Euro against the Aussie. This might be true in the near term, considering the 'sell' signals given by the hourly and four-hour technical indicators, but we are inclined to believe that the pair is not going to be able to push through the dense demand area on the way to 1.44, being that it consists of the support up-trend that has been in place since the third quarter of 2012 and is strengthened by the weekly S1, March low and the lower boundary of the channel. Accordingly, we expect a rebound from 1.4444/27 with a subsequent breach of the upper edge of the trend-line.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Apr 2016 13:09:04 GMT

EUR/NOK 1H Chart: Channel Down

The Euro may relatively shortly produce a massive rebound against the Norwegian Krone, just as price reaches the lower edge of the channel down at 9.2074. At the same time, the bulls are also watching both daily and weekly S1 supports that might allow for an earlier spike upwards. The bullish case is boosted by the fact that the Euro

Tue, 19 Apr 2016 06:43:18 GMT

XAG/USD 1H Chart: Ascending Triangle

Regardless of silver struggling to regain bullish momentum near the October 2015 high, our outlook on the metal is bullish. Demand is building up, and this is evidenced by the ascending triangle that formed following the rally in the first half of April. At the same time, the technical indicators are mostly pointing upwards, further increasing the upside risks. Once

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.