Dukascopy

EUR/AUD 1H Chart: Rising Wedge

FX:EURAUD   歐元 / 澳幣
EUR/AUD 1H Chart: Rising Wedge

  • The common European currency is trading against the Australian Dollar             in a rising wedge formation.

  • The current pattern started to form right after the currency pair left an ascending triangle and unsuccessfully tried to build a short-term channel up along the 55-hour SMA .
  • Despite all attempts to break to the bottom, the 20-hour SMA did not let the pair to do that. As a result, it started to huddle to the upper edge and, thus, formed a rising wedge .

  • From technical perspective, by the second half of the day the pair is expected to leave the formation to the downside.
  • By the way, the front edge of the pattern coincides with the weekly R3 at 1.5001, which basically sets the upper limit for potential surge in the next two-three days.
See more at the Dukascopy Analytics page
https://www.dukascopy.com/swiss/english/marketwatch/market_news/Technical-Analysis/

Check out our trading platform:
https://www.dukascopy.com/land/swiss/
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出