AUD/NZD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After complying with the falling wedge on the daily chart, AUD/NZD exited it to the upside, but then immediately put an end to the bullish market with a channel down on the hourly chart. The pair has just executed a retracement of the channel upper trend-line that it has broken out of in the last few hours. While the picture appears to be quite bullish for now, there are adverse pressures stemming from an alternative pattern to the previous senior wedge, namely a channel down pattern that now is sketched. In case the senior channel holds, the pair is most likely to continue the bearish motion even if a short-term uptrend takes place on the hourly chart.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 18 Jan 2017 09:19:47 GMT

AUD/CAD 1H Chart: Rising Wedge

AUD/CAD has been trying to abandon the half-year low of 0.9668 by establishing a decent uptrend, which now appears to be unsustainable as the pair has entered a rising wedge. The pattern is expected to break to the downside with a prominent dip and a retracement, followed by a further slide. With the rate currently attacking the upper trend-line of

Tue, 17 Jan 2017 12:25:00 GMT

XAG/USD 4H Chart: Channel Up

Silver is surging in simultaneously two ascending channels. However, it is also on a larger scale in a descending channel. Due to that the main thing to find out is, when and how the metal will change its course and begin a medium term decline. First of all, by measuring the Fibonacci retracement levels via connecting the March 31 low

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.