AUD/JPY 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After hitting the present pattern's high at 97.33 in the middle of May, the AUD/JPY currency pair has been under intensive bearish pressure. Short traders managed to push the Aussie down for two times in May and June, which resulted in the emergence of the double top pattern. However, it seems that now the pair is getting a third chance to rally. The bullish case is broadly supported by medium and long-term technical indicators, as well as 71% of SWFX traders. Moreover, the Australian Dollar should be strengthened by the monthly PP at 95.31, while the 55-period SMA still hovers above the 200-period SMA, meaning that the general trend of the pair remains positive.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 12 Jun 2015 06:43:14 GMT

EUR/NZD 4H Chart: Channel Up

For the past two months the currency pair has been distinctly bullish, and there are good arguments in favour of the Euro appreciating further. The main reasons for a positive outlook are that the indicators are mostly pointing upwards, and there is a well-defined upward-sloping channel.However, EUR/NZD is facing a critical resistance area around 1.6278, represented by the upper edge

Thu, 11 Jun 2015 12:11:05 GMT

EUR/GBP 1H Chart: Rectangle

After an eight-day long development in the horizontal trend between 0.7267 and 0.7387, the Euro/Sterling pair managed to create a rare rectangle pattern, while its boundaries have been keeping the exchange rate under control so far. The base scenario is for the Euro's  advance in the nearest future, as bulls are likely to get additional impetus from the weekly pivot

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.