EUR/USD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The most traded currency couple have been moving in a solid uptrend since November 7; however, despite the fact the pattern is 422 bars long, the pair has managed to appreciate only by 249 pips since then. Moreover, further appreciation is unlikely, as bears managed to break the support line and a 200-hour SMA in one hour, after stronger-than-expected data from the United States. Moreover, 54% of opened positions are short, while slight majority (52%) of pending orders in a 100 pips range is placed to sell the pair, meaning short and medium-term outlooks are short. Additionally, technical indicators on a 4H chart are sending "sell" signals.
© Dukascopy Bank SA
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Wed, 04 Dec 2013 15:17:32 GMT

NZD/USD 1H Chart: Channel Up

Due to the recent strength of the greenback, NZD/USD breached a crucial level at 0.8194 on December 4. During the day the pair already tried to inch back into pattern's boundaries, however, after touching the support line once again, the pair lost almost 30 pips and hit 200-hour SMA once again. Meanwhile, 65% of opened positions are short, and

Wed, 04 Dec 2013 13:05:08 GMT

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