EUR/AUD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency recently rebounded against a large scale triangle pattern's lower trend line against the Australian Dollar. Due to that reason an ascending channel pattern has formed. However, this pattern is most likely not going to stick in a longer time frame, as it is too narrow. It is most likely that the currency exchange rate will at one moment break out of this ascending channel and reveal another dominant pattern, which will guide the currency pair from the triangle's lower trend line to its resistance line. Although, the situation is still not perfectly clear, it is a high possibility that the rate will surge one way or another.
© Dukascopy Bank SA
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Fri, 27 Jan 2017 09:08:57 GMT

EUR/AUD 1H Chart: Channel Down

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Thu, 26 Jan 2017 13:00:17 GMT

AUD/CHF 4H Chart: Channel Down

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