EUR/AUD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As the Aussie trades against other currencies in a triangle pattern on a larger scale, the EUR/AUD exchange rate is an interesting and quite unclear case. A few weeks ago the rate seemed to have broken out of the descending triangle pattern. However, the rate rebounded on October 26 due to fundamental data, as the US election shook the markets, and the Euro began to surge against all other currencies. Due to that, the currency exchange rate formed a new ascending channel, which lead the pair back into the borders of the triangle. However, it seems that the rate will fall soon, as the 200-period SMA is closing in from the upside. Moreover, the rate is close to being considered overbought, as 70% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 03 Nov 2016 08:30:22 GMT

XAU/USD 30M Chart: Channel Up

Gold inevitably surged due to the approaching US election, as investors expressed the uncertainty that has been prevailing in markets recently. A monthly high of 1306.97 sent the pair packing to continue its way between the channel lines, possibly setting 1295.56 as the next target. This is not, however, carved in stone - while the channel has not experienced any

Wed, 02 Nov 2016 10:51:50 GMT

AUD/JPY 4H Chart: Channel Up

The Australian Dollar recently surged against the Japanese Yen in an ascending channel pattern. At the same time the currency exchange rate is also trading in accordance with a symmetrical triangle pattern, which has been forming since June. Although, the triangle's resistance line is also a downtrend, which has provided resistance to the pair since 2014, and the line was

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.