USD/DKK 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the month ended March 13, the U.S. Dollar was losing ground against the Danish Krone, but in mid-March, the pair entered a bullish formation, rising wedge, that acted as a helping hand aiding the pair to recover some of the previous losses. However, the up-trend seems to have come to an end as USD/DKK plummeted below the lower boundary of channel five hours earlier that signals on a looming sell-off. At the same time, the SWFX data gainsays the bearish scenario, with almost 84% of traders betting on appreciation of the pair in the hours to come.
© Dukascopy Bank SA
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Wed, 02 Apr 2014 06:47:15 GMT

AUD/USD 1H Chart: Double Top

The Australian Dollar started to appreciate against the U.S currency on March 20, when the pair embarked upon formation of the double top pattern. About one week later, the pair peaked twice near a one-year high of 0.9305 and commenced a decline towards the neck-line at 0.9218. Currently, AUD/USD is vacillating between the 50-hour SMA at 0.9251 and the pattern's neck-line

Wed, 02 Apr 2014 06:45:49 GMT

USD/SEK 1H Chart: Broadening Rising Wedge

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