NZD/USD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having surpassed its 200- and 50-hour SMAs, NZD/USD was gradually appreciating until it reached a five-month high on October 17. A stab to this high provoked a retreat of the pair that touched a level of 0.8448 (down-trend resistance) and then recovered to the level slightly below the previous high thus shaping a typical double top pattern. Although double top patterns often result in the bearish break-out that takes the pair well below the pattern's support line, market players bet on the advance of the pair in 72.34% of cases. To confirm traders' expectations, the pair has to climb above its four-hour resistances at 0.8504/17 to re-approach a five-month high.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 21 Oct 2013 07:15:03 GMT

AUD/CHF 1H Chart: Triple Top

Triple top pattern formed by AUD/CHF has been lasting for 113 hours and is likely to enter it's the bearish part in the hours to come as the pair has already started to retreat after it reached the level close to its three-month high for the third time. However, the SWFX data belies the bearish outlook, indicating that 80% of

Fri, 18 Oct 2013 15:07:01 GMT

Dukascopy Aggregate Technical Indicator Afternoon

Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 15:00 GMT.

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.