XAU/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The price of gold has just dipped through the trend-line that had underpinned the rate since the beginning of Oct. Accordingly, we expect further depreciation of the metal. Bearish intentions of the bullion will be confirmed with a close beneath the 200-hour SMA, which is likely to be broken after a correction to 1,173, where the upper trend-line of the channel is reinforced by the daily and weekly PPs. If the recovery extends beyond the boundaries of the pattern, there are still notable supply areas at 1,178 (Oct 19 high) and at 1,184 (Oct 16 high). The SWFX sentiment, in the meantime, is neutral, as there is almost no difference between the longs (51%) and the shorts (49%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 20 Oct 2015 12:43:36 GMT

EUR/USD 1H Chart: Channel Up

The most traded cross resumed rallying rapidly in the early morning on Tuesday, after spending some time near the lower trend-line of the bullish channel. The pattern is now implying a strong recovery in the direction of 1.1550 area, where weekly R2 coincides with the upper edge of the figure. On the way to the north, EUR/USD will face two

Tue, 20 Oct 2015 06:07:06 GMT

USD/ZAR 4H Chart: Channel Down

We hold a strong negative bias towards USD/ZAR, as the currency pair has recently broken through the neck-line of the double top and formed a downward-sloping channel. The current rally is expected to stop developing at 13.3084 and give way for a new bearish wave. A close above this resistances will suggest a surge to 13.5721. However, the longer-term prospects

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.