CAD/JPY 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair  is posing for a major move down as this is main presumption behind the Double Top pattern's—pair fails to reach new high and gradually moves back to the prior to the pattern trading levels. It is worth pointing out that Fibonacci retracements could be used in the pattern's analysis—38.2% one is close to the pattern's support and 23.6% one had an obvious impact in the middle of September (around first bottom). Short term technicals on aggregate give a rather strong signal about further depreciation of the pair, but medium term on aggregate, and especially Stochastic indicator suggest that pattern's support might send the pair higher.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 25 Sep 2013 14:00:43 GMT

EUR/SGD 4H Chart: Rising Wedge

Pair seems gradually recovering the losses that occurred in the end of August/beginning of September. Due to this distinctive move we use Fibonacci retracement in our analysis. At the moment pair is trading in the middle of the trading range (gap between the pattern's support and resistance) which at the moment is 80 pips. There is approximately 30 pips left

Wed, 25 Sep 2013 07:27:24 GMT

USD/SEK 1H Chart: Channel Up

USD/SEK is currently attempting to reverse the results of the bearish behaviour it demonstrated from Sep 6 to Sep 19. After bottoming out at 6.3079 the currency pair commenced a recovery that is intact at the moment.However, the pace of the U.S. Dollar's appreciation has decelerated lately, since the rate is approaching the 200-hour SMA that may turn out to

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
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.