GBP/USD 30M Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A break below the three-month demand area of 1.2880/2907 broke the routine with a exit from the extensive rectangle. With upside movements being limited by the 1.3358 level, GBP/USD kept supply and demand balanced since the Brexit vote. Reducing volatility to the minimum, the pair is now on a flat motion to the upside boundary of the channel, making 1.2742 the ultimate target. With the 55-period SMA sticking steadily to the aforementioned boundary, it is unlikely to be broken, causing a bounce and letting bears take over short-term in addition to the long-term dip. A break below 1.2790/2725 would be a proof of weakness and could induce a sharper fall for the bottom line.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 05 Oct 2016 07:11:12 GMT

GBP/JPY 4H Chart: Descending Triangle

GBP/JPY is up for a critical move over the following days, which will either maintain the descending triangle pattern the pair has been following for the last two months, or complete the correction with a bearish outbreak of the 129.47 support level. While loss of volatility has led the rate to abandon the previously established triangle upper trend-line and take

Tue, 04 Oct 2016 13:15:03 GMT

AUD/SGD 4H Chart: Channel Up

The Aussie is simultaneously surging against the Singapore Dollar in three patterns, as the currency exchange rate is in two ascending channels and a rising broadening wedge. First of all, on larger scale the rate is trading in the before mentioned wedge. Secondly there is a channel up pattern, which represents the rates surge between the borders of the wedge.

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.