GBP/AUD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A retreat of GBP/AUD that started in the beginning of October took the pair to almost a three-month low reached shortly after the currency pair entered a triangle pattern.
At the moment, the pair is trading right near the triangle apex, suggesting that the breakout will appear before long. The SWFX data reveals that market participants mostly (63.16% are short on the pair) expect the pair to take southern direction after it leaves the pattern boundaries. Meanwhile, technical indicators are neutral in short-term and send bullish signals for medium and long terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 22 Oct 2013 06:00:03 GMT

EUR/NZD 1H Chart: Rising Wedge

A dive below its 50-hour SMA on October 11 created a formidable resistance that blocked any attempts of EUR/NZD to appreciate until October 17 when the pair eventually breached this resistance line and commenced to recover its losses by shaping a rising wedge pattern that represents a corridor of two gradually converging upward-sloping lines. The pair now is struggling at

Tue, 22 Oct 2013 05:59:41 GMT

EUR/CAD 1H Chart: Channel Up

Since the end of July, AUD/CAD has been moving higher but the formation of the channel up pattern started only in mid-October when the pair accelerated the pace of its appreciation. Considering that channel up patterns usually result in the continuation of the bullish trend, the pair is likely to progress in its climb even after a slight retreat from

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.