USD/HKD 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
At the very end of September USD/HKD reached this year's high at 7.7702; however, it did not manage to consolidate at this level. Therefore, the pair started to fall in value and by doing that it also formed a double bottom pattern.
Currently, the pair is moving towards the major level at 7.76, which is also complemented by the pattern's resistance or the neckline. We expect that the pair will continue to advance for the time being, as it already has managed to break above a cluster of resistances (200-period SMA, weekly and monthly PP) around 7.7570 level. Moreover, a distinct majority of the SWFX traders also anticipate the pair to appreciate as 74.72% of them have opened long positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Oct 2014 07:49:09 GMT

AUD/USD 4H Chart: Double Bottom

After a period of consolidation around the 0.94 level, that lasted from June to early September, AUD/USD started declining. Moreover, since the second part of September the pair has started to form a double bottom pattern. The pair has already reached the pattern's bottom twice, thus suggesting that it is ready for a rebound. Although, there still is a possibility of

Wed, 15 Oct 2014 14:03:05 GMT

USD/SEK 4H Chart: Channel Up

Unusually long channel up pattern was created by the USD/SEK currency cross, as the pair started moving upwards in May of this year. Therefore, since then it managed to cover more than 650 bars. Meanwhile, after last touch of the upper boundary, the pair is still deciding, in which direction to develop further. During last three weeks the Greenback hovered

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.