EUR/GBP 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro has been gradually retreating versus the British Pound since the second part of March when the pair hit a six-month high of 0.8401. While being in the down-trend, the currency couple embarked upon formation of the falling wedge pattern that now is 81-bar long.
At the moment, EUR/GBP is vacillating near a one-month low of 0.8233 and is likely to prolong its decline considering that the instrument is trapped by the limits of the bearish formation and that circa 61% of all orders are placed to sell the pair. Technical data also bolsters this view, pointing to the pair's weakness in the short and medium perspectives.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 09 Apr 2014 12:01:34 GMT

GBP/AUD 4H Chart: Falling Wedge

GBP/AUD peaked at 1.9190 in January and since then the currency pair has generally been in decline. And while it may be too early to claim that there is a fully formed falling wedge pattern, the possibility of this being true is fairly high if we connect the most recent tops and bottoms.Leaving long-term perspectives aside, the outlook in the

Wed, 09 Apr 2014 07:30:13 GMT

NZD/USD 1H Chart: Channel Up

Thanks to a support lent to NZD/USD by a steep bullish tunnel, the pair managed to attain a three-year high of 0.8711, close to which it is trading now. The pattern, despite being relatively short, only 53-bar long, has both quality and magnitude above average, adding to probability that it will continue to push the pair higher. Currently, the SWFX numbers

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.