GBP/USD 1H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having approached a five-year high of 1.6823, GBP/USD retreated slightly and was trading almost flat during three weeks ended March 4 when the pair embarked upon formation of the broadening wedge pattern.
The pair has been bounded by gradually diverging lines for 58 hours and is likely to remain locked in this trading range given bullishness on the market-almost 54% of traders bet on appreciation of the pair. Meanwhile, technical indicators also send ‘buy' signals for short and medium terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 07 Mar 2014 08:09:03 GMT

XAU/USD 4H Chart: Channel Up

The yellow metal has been following a distinct upswing since late December when it dived under $1,200 per ounce. At the moment, the climb is developing within the limits of the 154-bar long channel up pattern. On March 3, XAU/USD managed to near a four-month high of 1,355.21 as bulls were predominating amid turmoil in Ukraine and negative jobs market

Fri, 07 Mar 2014 08:06:16 GMT

GBP/CAD 4H Chart: Double Top

Since August the British Pound has been on the rise against the Canadian Dollar. We have observed several bullish formations shaped by the pair alongside its advance and one of them, double top pattern, is active at the moment. The pattern with a peak at a five-year high of 1.8675 is 105-bar long and has average quality and magnitude. Now

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.