GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Cable is receiving demand in face of the 100-hour SMA, which is placed around the weekly R1 at 1.4342. Both of them are provided with extra help from the daily PP and 55-hour SMA, and this is the major headache for GBP/USD's bears. As for more upside risks, the technicals are giving positive signals and the SWFX market sentiment is relatively bullish (56%). However, the long participants are exposed to noticeable risks as they will inevitably hit the strong bearish momentum at 1.4460. Here the pattern's uptrend is strengthened by the weekly and daily R2s at 1.4473 and 1.4494, respectively. By spiking above this area, the Sterling will be positioned for a rally up to the March peak at 1.4515.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 22 Apr 2016 14:05:04 GMT

EUR/AUD 4H Chart: Channel Down

The Euro is very well positioned for losses over the next month. In the beginning of April the pair has bounced off the pattern's upper boundary, while subsequently crossing the monthly pivot point and all major moving average lines. Now the nearest support is represented by the March low, as well as monthly and weekly S1 lines at 1.4452/1.4398. Next

Fri, 22 Apr 2016 07:03:05 GMT

USD/JPY 4H Chart: Double Bottom

USD/JPY has just broken the neck-line of the double bottom pattern, which implies further appreciation of the US Dollar. The height of the pattern implies a rally towards the weekly R3 near 112 yen, but we may expect the recovery to extend up to the March 29 high just below the level of 114 yen. The immediate resistance is at

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.