AUD/USD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pattern itself captures whole recovery of the pair after a 11 day depreciation from 0.923 to 0.889. Due to the rather steep slope if the pattern, especially it's support, the pattern ahs a very high magnitude rating which predicts significant gains in short periods of time. At the same time, pattern's quality indicates that pair is not keen for erratic and spurious behaviour and the pair moves in the pattern rather well. Short term technicals do not give clear directional indications. Medium term technicals, however, suggest that the pair will maintain its bullish trend, but due to the long term Stochastic we thing that the eventual breakout should be bearish.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Sep 2013 14:35:37 GMT

NZD/CAD 1H Chart: Rising Wedge

Despite being the same type of pattern as in aussie-greenback cross we have significantly different situation in the market. Due to the much smaller slope the traders cannot expect rapid returns in a  short time, but to plan longer term trades. Quality rating is also significantly lower, mainly due to the erratic behaviour of the pair in the last few

Mon, 09 Sep 2013 12:56:34 GMT

EUR/JPY 1D Chart: Triangle

Pair has been narrowing it's trading range after it hit 133.7. Pressure coming from this important psychological level most likely kept the pair at bay in the length of the pattern. Despite the fact that a distinctive short term rally and long term trend led to the pattern, Fibonacci retracements does not seem to be playing any role. It is

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.