GBP/USD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A double top pattern formed by GBP/USD on November 25 represents a part of the upward trend the pair followed after it tumbled to a two-month low in mid-November. The pattern is 251-bar long and has both quality and magnitude above average. The pair has already performed two consecutive jumps within the pattern, with the second peak being at a five-year high, higher than the first one. A retreat from the second high of the double top pattern usually provokes an accelerating decline; however, it may not be the case this time given that market players are bullish in 65.38% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 11 Dec 2013 07:53:57 GMT

EUR/USD 1H Chart: Channel Up

The single currency has been rallying versus the U.S. Dollar for more than a week; the advance has been developing within the limits of the narrow corridor that at the moment of writing was 98-bar long. Market players are moderately bullish on the pair; 53.13% of them call for an appreciation. Technical indicators suggest that still the pair may experience

Wed, 11 Dec 2013 07:53:41 GMT

USD/SEK 1H Chart: Rising Wedge

A sharp retreat that was observable after USD/SEK touched a four-month high in the second part of November allowed the pair to accumulate strength for a rebound. USD/SEK started to recover losses in early December when it commenced a formation of the rising wedge pattern.  Now the pair is trading slightly below its daily pivot point at 6.5426 and is

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.