EUR/AUD 1H Chart Emerging Pattern: Channel Up

Posted by on Feb 21, 2013

EUR/AUD has formed a Channel Up on a 1H chart and is presently closing in on the bullish support at 1.2920 that is expected to initiate a short-squeeze up to the upper edge of the channel at 1.3030. This scenario goes in line with the current sentiment of the SWFX traders, 71% of whom are long on the currency pair. AUD/CHF 1H Chart Emerging Pattern: Rectangle AUD/CHF has formed a Rectangle on a 1H chart by fluctuating within a 90-pip wide horizontal corridor for the last 149 bars. At the
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