Following a failure of the 200-period SMA to underpin the currency pair after a protracted rally that extended up to 1.3417, EUR/USD started to fluctuate between two bearish lines. If the price is subject to either a sharp surge or a decline in the nearest future, they will be encountered at 1.3048 or 1.2971 respectively.Judging by the technical studies that
Considering that USD/ZAR lately has been posting lower peaks and higher valleys, it has formed a triangle on a 1H chart. For the time being it is unclear whether there is going to be a bullish or a bearish break-out—at the moment technical indicators stay largely silent. On the other hand, 70% of market participants believe the U.S. Dollar will
Comment: Current positioning of the pair and readings of the short term technicals suggest that pair is likely to advance above the pattern's resistance at 127.95. Medium term outlook, however, remains negative suggesting that pair is still facing significant downside risk, is likely to rebound from the pattern's resistance and to follow its', bearish, trend. In the long term pair
For more than 57 hours already CHF/SGD has been trading within two falling trend-lines, meaning it has formed a channel down. However, we must note the differences between the boundaries of the pattern. The upper edge is more reliable than the lower one, as it was tested more frequently. Accordingly, we are able to estimate subsequent the levels of the
Dukascopy Trade Pattern Ideas for AUD/USD (Channel Down), NZD/JPY (Double Bottom), CHF/SGD (Double Top) and USD/HKD (Ascending Triangle) till 15:30 GMT.
Dukascopy Trade Pattern Ideas for EUR/JPY (Descending Triangle), EUR/NZD (Triangle) EUR/HKD (Channel Down) and USD/CHF (Rising Wedge) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/NZD (Channel Up), EUR/TRY (Channel Up), AUD/JPY (Double Bottom) and NZD/USD (Channel Down) till 15:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/USD (Channel Down) and USD/CHF (Rising Wedge) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/USD (Channel Down), GBP/AUD (Rising Wedge), USD/ZAR (Channel Up) and NZD/CHF (Double Bottom) till 15:30 GMT.
EUR/JPY has formed a Rising Wedge pattern on the 1D chart. The pattern has 85% quality and 100% magnitude on in the 367-bar period.The pattern started on the 21st of March, 2012, when the pair started depreciating from 11.44; currently it is trading at the weekly pivot (PP) at 128.28; gap between the pattern's support and resistance narrows by 450
Dukascopy Trade Pattern Ideas for USD/SEK (Rising Wedge) and GBP/CHF (triangle)pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for USD/CAD (Channel Up), CHF/SGD (Triangle) and CAD/HKD (Channel Down) till 15:30 GMT.
Dukascopy Trade Pattern Ideas for GBP/CHF (Channel Down), CHF/JPY (Channel Up) and AUD/JPY (Channel Down) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for EUR/CAD (Rising Wedge), GBP/NZD (Channel Up), USD/ZAR (Double Top) and EUR/TRY (Channel Up) till 15:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/CAD (Channel Down), CAD/CHF (Channel Down), USD/HKD (Channel Down) and EUR/SGD (Rising Wedge) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/NZD (Channel Down), EUR/CAD (Rising Wedge), USD/SEK (Channel Down) and AUD/CHF (Triple Bottom) 15:30 GMT.
Dukascopy Trade Pattern Ideas for EUR/CHF (Channel Down), AUD/USD (Channel Down), NZD/USD (Channel Down) and CHF/SGD (Channel Up) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for USD/JPY (Channel Down), GBP/AUD (Channel Up), USD/ZAR (Double Top) and GBP/CAD (Triangle) 15:30 GMT.
Dukascopy Trade Pattern Ideas for AUD/CAD (Channel Down), CAD/JPY (Triangle), NZD/JPY (Channel Down) and GBP/JPY (Triangle) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for USD/JPY (Channel Down), GBP/CAD (Triangle), NZD/CHF (Channel Up) and USD/NOK (Channel Down) 15:30 GMT.
GBP/JPY has formed a Channel Up pattern on the 1D chart. The pattern has 44% quality and 96% magnitude on in the 296-bar period.The pattern started on the 19th of September, 2012, when the pair dipped to 118.80; currently it is trading at 149.22. Trading volume seems to be U shaped (relatively higher in the beginning and the end of
Dukascopy Trade Pattern Ideas for EUR/PLN (Channel Down), USD/JPY (Descending Triangle), CAD/HKD (Rising Wedge) and AUD/NZD (Channel Down) pairs till 07:30 GMT.
Dukascopy Trade Pattern Ideas for USD/CHF (Channel Down), USD/ZAR (Double Top) and EUR/USD (Ascending Triangle) 15:30 GMT.
Dukascopy Trade Pattern Ideas for EUR/CAD (Rising Wedge), USD/CHF (Channel Down), EUR/PLN (Triangle) and AUD/CAD (Channel Up) 15:30 GMT.