XAG/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite massive volatility seen last week, silver stayed below 18.40 and above 17.20 dollars. This is a strong case in favour of the emerging ascending channel, which is a part of the bullish wave within the broadening wedge observed in the daily chart. A positive outlook is further reinforced by the technical indicators, meaning we should soon see the price launching an attack on the 2015 high at 18.50, while demand at 17.40 is ensured by the monthly R1 and the lower bound of the channel. An argument against a prolonged recovery of the precious metal is the fact that it is overbought—74% of open positions are already long, which implies that a substantial increase in demand is highly unlikely.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 27 Jun 2016 06:41:13 GMT

AUD/USD 1W Chart: Channel Down

AUD/USD is currently trading near the upper edge of the multi-year bearish channel, and this implies a strong negative bias towards the Aussie. The base case scenario is thus the exchange rate bouncing off of 0.7730/00 and then sliding down to 60 cents, where it is going to be met by the 2008 low and the lower bound of the

Thu, 23 Jun 2016 15:14:03 GMT

NZD/CAD 4H Chart: Channel Up

While trading within the pattern, NZD has already recovered most of its January—April losses that accumulated to minus 10%. At the moment, the currency is moving away from the lower bound of the pattern, meaning we should expect an extension of the latest rally to 0.9290, where the Kiwi is to meet the weekly R2 and the upper edge of

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.