EUR/AUD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 123-bar long double top pattern was formed by EUR/AUD on November 7. After hitting a high of 1.4485, the pair entered consolidation phase, and until now has been fluctuating in a 110 pips range. Meanwhile, the short-term outlook is bearish, as aggregate indicators on a 1H chart are sending "sell" signals, while 65% of opened positions are short, meaning that a retest of support line at 1.4369 can be anticipated. Nevertheless, there are two strong support level 40 and 65 pips below the support line, suggesting that even in case of a downside movement, the depreciation would be limited.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 18 Nov 2013 07:16:12 GMT

EUR/GBP 1H Chart: Channel Down

A 425-bar long channel down pattern formed by EUR/GBP started in mid-October, 11 days before the pair hit a two-month high that put a heavy selling pressure on pair. At the moment of writing, the currency pair was vacillating slightly below its 50-and 200-hour SMAs and was expected to retreat in the hours to come; 72.41% of market participants were

Fri, 15 Nov 2013 13:47:18 GMT

NZD/CAD 4H Chart: Rising Wedge

NZD/CAD is likely to be highly volatile soon, as even despite subdued market reaction towards Canadian manufacturing sales, the rising wedge pattern is moving to its apex. Trading range is narrowing rapidly, meaning that in case of a breakout, markets will go wild. At the moment of writing the pair was trading at 0.864, just couple of pips above the

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.