USD/CAD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Greenback-loonie cross seems to have been developing very well in the frame of the Rising Wedge pattern. Directional moves were rather clean, with some minor corrections along the way. However, due to these corrections and overall assumptions of Rising Wedge pattern pair magnitude (of movements) rating is at its highest suggesting that there is a major change of momentum gains when the pattern is breached. At the moment pair is trading just slightly above the pattern's support and although short and medium technicals on aggregate point at depreciation of the pair, abundance of neutral individual indicators fails to convince us completely.

© Dukascopy Bank SA
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Wed, 17 Jul 2013 14:38:02 GMT

EUR/DKK 4H Chart: Double Top

Assumptions behind the Double Top pattern are very similar to the ones with Triple Top pattern—pair fails to reach new high and gradually returns to the previous trading levels. However, at the same time they are somewhat weaker than in Triple top pattern. Pair tried to reach new high only twice. This is reflected in the short and medium term

Wed, 17 Jul 2013 14:34:45 GMT

USD/ZAR 4H Chart: Triple Top

Pair is signalling about a possible depreciation of the pair. It is the main underlying assumption behind the Triple To pattern—pair fails to reach new high, which happened three times already, and gradually returns to the previous trading levels. At the moment pair is trading just slightly above the pattern's support and seems to have enough propensity to breach and

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