EUR/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A sharp advance performed by the single currency against the Australian Dollar has been observable for the last 374 hours. The pair formed a channel up pattern that helped EUR/AUD to surge to a three-month high on December 3. Currently, the currency couple is attempting to penetrate the daily resistance at 1.4999 that if overcome will push the next cluster of resistances sitting at 1.5052/119 (daily R3; four-hour R2) to the fore. If the pair manages to breach these levels, it may target the pattern's resistance, a breach of which may result in an accelerating appreciation of EUR/AUD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Dec 2013 07:43:05 GMT

USD/CHF 1H Chart: Channel Down

A 133-hour long channel down pattern shaped by USD/CHF started on November 24. Being a subject to noticeable downside pressure, the pair has recently dived to more than a one-month low of 0.9021. However, the decline to this low may have been a positive factor for the pair, as market players expect the currency couple to gain momentum in the

Wed, 04 Dec 2013 07:21:01 GMT

EUR/HKD 1H Chart: Rising Wedge

After a sharp retreat from more than a one-year high, EUR/HKD changed direction to the north. The advance was performed within the corridor shaped by two upward sloping and gradually converging lines, in other words, within a rising wedge pattern. At the moment of writing, EUR/HKD traded close to its daily pivot point at 10.5258 but it may follow a

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.