AUD/USD 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aussie-greenback cross is signalling about further appreciation of the pair. It is main underlying fact about the Double Bottom formations—pair fails to reach new low and thus returns to the previous trading levels. In this particular case for the pattern's low we have 42 month low, which makes the pairs further appreciation even more plausible. As for technical levels we should take in to account that pair is currently trading on the pattern's resistance and that Fibonacci retracement of end of June to start of July sell of comes in to play and recent dip took place between the two of them—50% and 38.2% retracements.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 09 Jul 2013 13:40:35 GMT

CHF/JPY 1H Chart: Rising Wedge

It is worth pointing out that Swiss franc—yen cross has been coming up in our radars rather often recently. This time we have a very interesting situation in our Rising Wedge pattern—pair is trading very close to the pattern's support; the Stochastic indicator in the short term and technical indicators on aggregate in the medium term sends a very strong

Tue, 09 Jul 2013 13:40:08 GMT

USD/SGD 4H Chart: Channel Up

A simple channel up pattern was formed by USD/SGD on the May 8, and during the last two months we were observing the appreciation of the greenback against the Singapore currency. As the number of long and short positions is almost equal, the pair is likely to follow the trend. Moreover, aggregate technical indicators on 1D and 1W charts are

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.