AUD/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Australian Dollar is depreciating against the US Dollar simultaneously in two descending channel patterns. However, the currency exchange rate might soon begin a medium term surge. The reason for that is the fact that the active junior pattern has already done its task, which is to guide the currency exchange rate from the dominant channel's resistance to its support. As a result a rebound has already begun, and the medium term channel down pattern is expected to be broken. Market participants should expect the formation of a new minor pattern. Meanwhile, SWFX market sentiment is not giving clues regarding the future direction of the pair, as 52% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Apr 2017 13:26:33 GMT

EUR/TRY 4H Chart: Channel Down

The common European currency is simultaneously losing value against the Greenback in two descending channel patterns. The junior pattern represents the pair's bounce off from the upper trend line of the dominant pattern. Most recently the currency exchange rate passed the combined support of the 38.20% Fibonacci retracement level at 3.9227 and the 200-period SMA at 3.9202. As a result

Wed, 12 Apr 2017 07:47:41 GMT

AUD/SGD 4H Chart: Falling Wedge

AUD/SGD had not attempted 1.0953 for two years before February when the area was attacked from beneath. The pair has since left the zone, but is still showing signs of bullishness as highs lose amplitude. A falling wedge has been leading the motion for the last few weeks and a close above 1.0569 would serve as a confirmation of a

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.