GBP/AUD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since three weeks ago, when we last looked at GBP/AUD, the currency pair has once again confirmed the topicality of the channel. The Pound is now headed towards the lower boundary of the pattern and monthly S1 at 1.9750. However, the market appears to be already overcrowded with bears (73% of positions are short), and demand at this level should therefore be enough to trigger a bullish correction, which in turn should be capped by the red trend-line. Alternatively, if the Sterling does not rebound from 1.9750 and closes below it, the new objective will be another strong support zone at 1.8830/1.8760, where the March low coincides with the monthly S3.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 01 Feb 2016 14:15:07 GMT

USD/CHF 1H Chart: Channel Up

USD/CHF is developing another down-led from the pattern's upper boundary at the moment. It has already met both daily and weekly pivot points at 1.02, which are shifting the risks to the upside. They are immediately followed by 55 and 100-hour moving averages, meaning the probability of somewhat earlier than expected revival is on the rise. The market seems to

Mon, 01 Feb 2016 07:30:14 GMT

AUD/CAD 4H Chart: Descending Triangle

The situation in the four-hour chart of AUD/CAD is ambivalent. From one side, the pair is forming a descending triangle, from another—a symmetrical one, and both patterns imply different scenarios. Thus, we focus on two key levels: on parity from above and on 0.9850 from below. In case the former is breached, the outlook will become bullish with the first

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.