EUR/GBP 4H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/GBP surpassed its 200-bar SMA on August 13, reaching a two-week high; however, this move substantially enfeebled the pair that started a long-term downside trend on August 28. EUR/GBP formed a double bottom pattern by dropping to almost seven-month low on Sep 18 but bouncing off this level to hit a formidable resistance at 0.8465 that sent the pair again to the seven-month low of 0.8332, the level that created a buying pressure thus pushing the pair to the up-trend resistance sitting at 0.8465. If the pair overcomes the up-trend resistance, it is likely to start a rally as a break-out from resistance of the double bottom pattern often provides an impulse for appreciation of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 07 Oct 2013 07:03:20 GMT

USD/JPY 1H Chart: Channel Down

A jump to a two-month high on Sep 11 provoked a sharp decline of USD/JPY; however, the channel down pattern started only on Sep 26. Recently, the currency couple has bounced off a one-month low and is currently trading at the four-hour pivot point at 97.15. Despite bearishness of the pattern, 64.96% of the market players bet on the appreciation

Mon, 07 Oct 2013 07:03:37 GMT

AUD/CHF 4H Chart: Rising Wedge

Having hit a seven-month high on March 27, the Australian Dollar changed its direction against the Swiss Franc and was depreciating until it reached almost a two-year low on August 5. Since then, AUD/CHF has been faltering between two upward-sloping, gradually converging lines, forming a rising wedge pattern. Now, the pair is attempting to remain above 0.8523 (daily S3) and

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.