GBP/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British Pound is in a channel up pattern against the US Dollar, as the rate recently confirmed the pattern's support line at 1.3086. At the moment, the currency exchange rate is at 1.3212, and it is moving north to the pattern's upper trend line now located at 1.3700. On its way upward, the pair is set to first struggle against the resistance put up by the weekly R1 at 1.3499. From the downside the Cable faces a strong support cluster made up of the 55 and 100-period SMAs at 1.3177, the weekly PP at 1.3175 and the pattern's lower trend line at 1.3130. Due to that, a movement lower at this point is most unlikely. However, aggregate technical indicators forecast no change in the pair in the next four hours and a downfall during the rest of the day.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 21 Jul 2016 11:31:59 GMT

CAD/JPY 4H Chart: Channel Up

The Canadian Dollar, at the moment, is confirming an ascending channel pattern against the Japanese Yen, as the currency exchange rate struggles against the support provided by the pattern's lower trend line at 81.10. In addition, the pattern's support line is also strengthened by the close by located 200-period SMA at 80.79. Moreover, the trend line and the 200-period SMA

Thu, 21 Jul 2016 07:02:05 GMT

CAD/CHF 4H Chart: Channel Up

CAD/CHF is currently in a mild down-trend, after the currency pair topped out at 0.7620 last week. Our multi-week outlook, however, is strongly bullish. The price is closing in on a solid demand area, which is created by the monthly PP, 200-period SMA and the lower bound of the channel. The Loonie is thus set to make a U-turn circa

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.