AUD/USD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aussie-greenback seems to have stabilized after a 300 pip drop from 19th to 22nd of August. On the same note it is worth mentioning that Fibonacci retracements of this move did not have any impact on the pair. It seems that the pair is undergoing a minor pullback and should stay in the pattern's boundaries for some time as suggested by the short term technicals. In the medium term, however, technical indicators suggest that we should see a bullish breakout.   At the same we should stress out that the 20-day SMA has kept the pair under pressure for quite some time now. It was the reason behind the pair's failure today as well.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 26 Aug 2013 15:40:25 GMT

EUR/CAD 1H Chart: Channel Up

Pair maintained mildly bullish sentiment whole July, but failed to advance further on the 8th of August (bumped in to the pattern's (1D chart) resistance) and dropped 250 pips. After that pair managed to pick the pace again and seems to be appreciating on a much higher pace than on July. As a consequence we have a high magnitude (of

Mon, 26 Aug 2013 14:20:32 GMT

HKD/JPY 1D Chart: Triangle

Although the pattern started in the beginning of the April, the pair started narrowing  its trading range ((6000 pips in 50 bar period) only in the second part of may. Pair was in a 32 week almost constant rally before then. Fibonacci retracements on this whole move might have had some impact on the pair, but it seems that this

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.