forexcrunch

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EURUSD 33% | 1 AUDUSD 33% | 1 GBPUSD 33% | 1
forexcrunch forexcrunch PRO EURUSD, 60, Short , 3 years ago
EURUSD: EUR/USD in downtrend channel - rises could be sell opportunities
607 0 0
EURUSD, 60 Short
EUR/USD in downtrend channel - rises could be sell opportunities

On the hourly chart, EUR/USD is trading in a downtrend channel. European fundamentals, including the recent IFO figure from Germany as well as PMIs, point lower. Rises within the channel could be sell opportunities within the trend. What do you think?

forexcrunch forexcrunch PRO AUDUSD, 60, Short , 3 years ago
AUDUSD: AUD/USD Downtrend Channel on Hourly Chart
560 0 1
AUDUSD, 60 Short
AUD/USD Downtrend Channel on Hourly Chart

The Australian dollar remains pressured in the lower part of a the long term 1.0150 - 1.06 range. In the past few days, it has descended in a downtrend channel. Inflation in Australia came out below expectations, raising the prospects of a rate cut, or at least pushing any potential rate hike back. The pair could continue falling in the channel, challenging ...

forexcrunch forexcrunch PRO GBPUSD, D, Short , 3 years ago
GBPUSD: GBP/USD Could Fall Off Uptrend Channel
725 5 2
GBPUSD, D Short
GBP/USD Could Fall Off Uptrend Channel

GBP/USD has been trading in an uptrend channel since mid March. However, fundamentals are weighing heavily on the pound, which has already fallen from its highs. If the pair were to lose the uptrend channel and support around 1.52, we could see an accelerated move towards 1.50 at first and perhaps towards the 1.48 bottom later on.

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