USD/JPY 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After reaching a high of 100.45 USD/JPY was subject to a strong bearish impulse that pushed the price down to a low of 97.63. There the currency pair started a surge that has eventually hit a ceiling at 98.40. As a result, the price has formed two valleys that could potentially be a part of the double bottom pattern. However, the troughs do not appear to be distinct, a fact that decreases the likelihood of the formation playing out as intended. In fact, the technical indicators also do not favour increased activity, giving contradicting signals. Still, if the neckline at 98.40 is breached, the pair will confirm its bullish intentions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 31 Jul 2013 07:15:06 GMT

EUR/NZD 1H Chart: Channel Up

Even though there are merely 30 bars now composing the bullish channel on an hourly chart of EUR/NZD, it may still prove to be topical in the near term, considering that the market has been respecting the trend-lines forming it.The support is thus likely to be found at 1.6586, there the pair will also find the daily pivot point and

Wed, 31 Jul 2013 06:53:06 GMT

CHF/SGD 1H Chart: Rising Wedge

It seems that a rally started more than 20 days ago is now overextended and requires a correction in order for the bullish momentum to regain strength. While technical indicators are largely mixed (1H and 4H time-frames), the price continues to advance, but at the same time is little by little reducing the width of fluctuations, namely forming a rising

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.