AUD/JPY 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aussie is strengthening against major currencies for a long period of time and represent a huge problem for Australian exporters, however, further appreciation of AUD/JPY is likely, as indicators on 4H and weekly chart are sending "buy" signals. It seems that bears are experiencing strong difficulties around 93, as a bunch of key support levels are located in a 70 pips range, hence a downside breakout is unlikely. As the outlook is bullish, long traders could focus on a 94.076, and in case it is breached, only weekly R2 and R3 would stand between bulls and recent high at 95.686. This is more than 150 higher above the Weekly R1, it can be considered as a key level for AUD/JPY.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 05 Nov 2013 07:24:29 GMT

USD/JPY 1H Chart: Rising Wedge

A 195-hour long rising wedge pattern formed by USD/JPY started on October 22. Since then, the currency couple fluctuated between two upward sloping lines that helped USD/JPY to reach a two-week high on November 1. After coming off this high, the pair dived below 50-hour SMA to trade close to daily support sitting at 98.50 (daily S1). The SWFX data

Mon, 04 Nov 2013 13:58:07 GMT

AUD/CAD 4H Chart: Channel Up

On August 28 AUD/CAD has formed a channel up pattern. On September 2 the pair has crossed the 200-bar SMA and since then the pair has been trading only above it. However, after hitting a 1.0046 on October 28 (previously reached on June 3), the pair dropped towards pattern's support. Currently the market sentiment is not clearly marked (52% bullish),

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.