USD/HKD 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA

The same as the previous trade pattern, a descending triangle formed by USD/HKD one month ago is moving to its apex, therefore can be profitable.

Tools of technical analysis are sending mixed signals and pair's future movement cannot be predicted precisely. On aggregate technical indicators on 1D chart are sending "sell" signals, pointing at another re-test of the support line. However, the majority (71%) of traders are opening long positions, expecting appreciation of the pair. In case of the downside breakout, lower prices and increased trading volumes are expected.

 

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 04 Jul 2013 13:54:45 GMT

EUR/JPY 4H Chart: Channel Up

It seems that pair is resuming its long term bullish trend which started at the end of 2012. It was interrupted by end of May to mid-June sell off, which was right before the pattern's start. Short term (4H) technicals suggest that the pair will continue depreciating. Daily technicals point at appreciation of the pair suggesting it will continue to

Thu, 04 Jul 2013 13:10:38 GMT

EUR/NOK 4H Chart: Triangle

A 61-bar long trade pattern idea formed by EUR/NOK on the June 19 is moving to its apex and is likely to be completed soon, as both trend lines will converge on July 8, and the trading range is narrowing rapidly. As aggregate technical indicators on three different timeframes are sending either "buy" or neutral signals, the penetration of the

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.