AUD/USD 4H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After nearing the 0.95 level at the middle of July the pair gave up and plummeted towards 0.92 level, setting a low at 0.9239. With the recent fluctuation the Double Bottom pattern has formed and at the moment the pair is trading close to the neck-line at 0.9346. In the base scenario the neck-line should be breached to the upside, as the Double Bottom is a reversal pattern. The weekly technical studies are also pointing to the north, strengthening the bullish expectations. And with the strong bullish sentiment (65.74% long positions) the pair is likely to advance above the 200-period SMA and weekly R1 at 0.9337/49.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 27 Aug 2014 13:27:03 GMT

EUR/PLN 4H Chart: Channel Up

The Euro/Zloty currency cross has formed a channel up pattern, and the pair has already been slowly hovering in the direction of the lower trend-line at 4.1747 for a long time . We assume that in case the pair reaches the lower up-trend, the break-out to the downside is very possible. Market sentiment is bearish, being that 74% of all

Wed, 27 Aug 2014 07:43:36 GMT

USD/JPY 1H Chart: Broadening Rising Wedge

The Broadening Rising Wedge pattern started to form when USD/JPY breached the major level at 103. Since then it has reached the 104 level, with the minor high at 104.29 (it also is 7-month high). The technical readings are mixed, thus we cannot get any clear indications from them. Nevertheless, the pair is trading around the lower trend-line; therefore, we

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.