EUR/NOK 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The appreciation of the single currency against the Norwegian Krone started on November 7 when a drop to a six-week high marked the beginning of the double top pattern. After that, the pair was rallying until it reached more than a one-year high that was the peak of the pattern attained for two times already, suggesting that the currency couple has recently entered the most bearish phase of pattern. Now we may expect EUR/NOK to fall below the support line sitting at its 50-hour SMA that will open the way to a dive to the pattern's support, the last defence against an accelerating decline.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 03 Dec 2013 12:49:39 GMT

USD/SGD 4H Chart: Channel Up

Due to a strong support area near 1.2345 the currency pair was able to commence a robust recovery at the end of October, which later on turned into a bullish channel. Considering that the exchange rate is currently fluctuating at the upper boundary of the pattern, the near-term risks are heavily skewed to the downside. Once the dip is initiated,

Tue, 03 Dec 2013 06:59:47 GMT

USD/SGD 1H Chart: Rising Wedge

A 231-bar long rising wedge pattern formed by USD/SGD is on the verge of being breached. The pair has recently broken through the pattern's support but managed to recover its losses and returned to the lower limit of the pattern; USD/SGD has been sticking to this level for 16 hours already. However, considering that the pattern trend lines are due

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.