EUR/GBP 4H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the end of may pair has been trading in a relatively narrow 125 pip range—between 0.8595 and 0.8469. As we can see from the previous sessions pair spends quite some time just before the pattern's resistance. Pair is acting the same way this time as well. Technical indicators suggest that pair will attempt to breach the pattern's resistance, but should remain range bound in the medium and long term. Additional support to anticipate for the pairs move towards the pattern's is coming from the market sentiment—74% of all open positions at the moment are short on the pair. 

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 02 Jul 2013 12:44:50 GMT

EUR/AUD 1H Chart: Triangle

For the past 3 and a half week pair has been narrowing its trade range. There are approximately  25 bars, slightly less than 10% of the pattern's length, left till the pattern's apex which is located at 1.4229 on the 3rd of July, 11:00 GMT. Technical indicators in accord point at further, after a recent bounce from the pattern's support,

Tue, 02 Jul 2013 08:20:52 GMT

EUR/USD 1H Chart: Double Bottom

Euro-greenback cross is signalling about a possible rally. It is the underlying idea behind the Double Bottom pattern— try to reach new lows, fail and then to return to the previous levels. Such turn of events is also supported by the short and medium term technical indicators. However, pair is approaching major level at 1.31—200-day SMA and pattern's resistance. Taking

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.