EUR/USD 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The most traded currency pair, EUR/USD, peaked at a two-year high on October 25; however, this jump was too arduous for pair and the single currency commenced a bearish trend against its U.S. counterpart that lasted until the pair reached a two-month low. This low represents an apex of the double bottom pattern that was started during a sharp decline in EUR/USD rate. The currency couple has recently re-approached this low for the second time, suggesting that an accelerating advance is likely to occur before long, especially given that the pair has already jumped above the formidable resistance sitting at 50-hour SMA that had been blocking an upside.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 06 Nov 2013 07:25:49 GMT

EUR/DKK 1H Chart: Channel Down

Since the beginning of October, EUR/DKK has been falling, vacillating between two parallel downward sloping lines. At the moment, the pair is a subject to a selling pressure that stated to play its role in the pair's movements after EUR/DKK soared from the pattern's support to above 50-hour SMA a couple of hours ago. Traders' sentiment also shows that market

Tue, 05 Nov 2013 13:42:10 GMT

USD/JPY 1H Chart: Rising Wedge

Pair peaked above 100 JPY in the first part of September which was followed by a month long sell off. Pattern at hand marks the pair's second attempt to recover. It tested pattern's boundaries few hours ago. And since only trend indicators, which still might be effected by the recent move from the pattern's support, give sell signal we expect

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.