XAG/USD 1H Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Just when it started to look like Silver had taken up some trending-market characteristics after a month-long consolidation, it turned out XAG/USD needed another correction inside the bounds of a symmetrical triangle. While an uptrend should extend after the pattern is broke, the pair will have give more credible signals that an upside breakout to really point to a bullish market. Immediate resistance lies at 16.84, but a close above 17.01/02 would open up the way to 17.26, where a set of resistances would test the bullish momentum. 18.56 would then be the ultimate target and would lead to attacks at November highs.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 07 Dec 2016 07:18:03 GMT

AUD/SGD 1H Chart: Symmetrical Triangle

AUD/SGD maintained a consolidative nature in its movements, entering a symmetrical triangle as its latest expression of the lack of trend. The pair has just overstepped the bottom trend-line of the pattern at 1.0570 for the second consecutive time, suggesting a downward breakout, which is also supported by a newly sketched descending triangle. The floor is now set at 1.0560

Tue, 06 Dec 2016 15:47:04 GMT

GBP/CHF 30M Chart: Symmetrical Triangle

GBP/CHF consolidated the uptrend in a symmetrical triangle, breaking it to the upside as predicted. The pair has currently been stalled by the daily R1 at 1.2982, which has led to a few red candles. Along with breaking the pattern, the pair pushed through a red Ichimoku cloud, setting immediate resistance at 1.2854. If the rate breaks above 1.2982, which

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.