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EUR/AUD 1H Chart: Broadening Rising Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/USD 4H Chart: Double Top Comment: Since the beginning of March the Aussie has been appreciating against the US Dollar, eventually forming a double top pattern. Since double tops arise at the end of the upward trends, a bearish trend is soon likely to take over. Technical studies also imply a decline, but in longer timeframes a recovery is possible, suggesting that the pattern might turn into a triple top. This could occur only if demand, represented by the 200-period SMA around 0.7454, is

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