EUR/AUD 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A lack of wide swings between July and November helped the single currency to accumulate strength against the Australian Dollar. In mid-November, the pair embarked on a sharp appreciation that sent it to a three-year high. Furthermore, the advance led to a formation of the double top pattern in early December; EUR/AUD has recently started a retreat from the second peak of the pattern, meaning that even the 50-bar SMA that is acting as a strong support may fail to prevent the bearish correction that is likely to be in place in the foreseeable future.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 31 Dec 2013 07:14:46 GMT

GBP/CAD 4H Chart: Channel Up

Since the beginning of August, we have observed a clear upside trend developed by GBP/CAD; the pair started to shape a channel up pattern only in the second part of October. Although at the moment of writing the currency pair was retreating from a five-year high reached about a day earlier, market sentiment was strongly bullish as more than 73%

Mon, 30 Dec 2013 14:23:40 GMT

USD/DKK 4H Chart: Channel Down

Soon after peaking at 5.6111 USD/DKK came under strong selling pressure and fell beneath the 200-period SMA. Accordingly, there is a good chance the currency pair will descend from the current trading levels to at least the lower edge of the downward-sloping corridor at 5.3750. This course of events is also suggested by the technical indicators on the four-hour chart—four

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.