AUD/USD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aussie-greenback is posing for a major, 200 pip depreciation. This is the main proposition of Double Top patterns—pair fails to reach new high and returns to the previous levels after that. Although we can observe a minor rally recently it is highly unlikely it could evolve in to something more. Short and medium term technicals give strong support for this. Rather confidentially we could say that Fibonacci retracements (5th till 12th of August move) are having significant impact—50% retracement is where the recent low can be found;  38.2% retracement could be easily perceived as a pattern's resistance (if boundaries will be taken on open/close price basis). 

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 20 Aug 2013 13:35:09 GMT

EUR/SGD 4H Chart: Channel Up

Channel type pattern's are not the most exiting and usually give just the general impression of what direction the pair is going to. This case is a bit different. First of all, the pair has already advanced above the 2013 high and at the moment is trading in the highest level since December,  2011. Secondly, after breaching the 2013 high

Tue, 20 Aug 2013 07:16:52 GMT

XAU/USD 1H Chart: Channel Up

The channel up on an hourly chart of XAU/USD has been evolving throughout the last 215 hours, since Aug 7, when the price reached a bottom at 1,273.23. At some point of the pattern's life, on Aug 15, the formation was at risk of being breached, but the break-out proved to be a false one and did not turn into

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.