Chart examples of forex price action at 52-week highs, lows

Support resistance levels that forex traders have no excuse for missing

I wrote a fairly comprehensive piece on 52-week highs previously. In this post, we look at examples of various forex pairs. From these charts, traders must expect the following when price nears 52-week highs and lows:

  1. Plenty of volatility as price tests and re-tests
  2. False breakouts aka bull trap/bear trap
  3. Reversal patterns such as head and shoulders, double tops and bottoms

As support and resistance levels, don’t expect 52-week highs and lows to be broken on first attempt.


Examples of forex price action at 52-week highs and lows

AUDNZD weekly chart



  1. AUDNZD beats 2012-low for 5 weeks before turning bullish
  2. Price penetrates on second attempt after retracement
  3. Early 2014 sees double penetration below 2013 low at points 3 and 4; both fail
  4. Price makes year high after retesting and verifying 2012-low as support


AUDSGD weekly chart


  1. 2013-low successful support; ’13 and ’14 lows are only 13.5 pips apart


AUDCAD weekly chart


  1. 2012-low acts as resistance; tops July – October rally
  2. The same level comes into play again early this year; although level was penetrated, struggle at level with long price spikes is clear.


AUDCHF weekly chart



  1. The very prominent feature of this chart is 2013-low support for shoulders in this reversal pattern
  2. The head is a brief penetration to new low that becomes bear trap
  3. Right shoulder confirms that 2013-low remains effective support


NZDUSD and EURUSD weekly chart



  1. This pairs began 2013 with lots of volatility and a brief 1-week penetration above previous 52-week high
  2. Price spends 4-weeks above then fails
  3. Another failed break
  4. Recently price breaks 2013-high repeated but never closed above in any week
  5. The EURUSD chart below looks like a sibling of Kiwi



EURAUD weekly chart



  1. EURAUD has cleaner price action compared to NZDUSD; very brief failed breaks take place at each 52-week high (second failure tops a head and shoulders pattern)


Let’s do this exercise on CADCHF

We can see that 2012-52-week-low saw some support and then resistance at points 1 and 2. Question: What will happen at point 3 this time?


Loading Facebook Comments ...

3 thoughts on “Chart examples of forex price action at 52-week highs, lows”

  1. Chia Mei San says:

    At pt 3 this time I see at a 1234 pt 4 forming. The trend is still down. As this is the weekly timeframe, we have to wait longer for a pt 2 WnR.

  2. Shao Guoyong says:

    Hi Sir,
    Great article on 52 weeks level on fx charts.
    I find these levels quite useful, and agree that of most fx pairs, EURAUD has the cleanest P.A.
    It seems to be a very ‘ TA’ pair as well, as it duly constructs chart patterns and their subsequent moves are often trendy and straightforward.
    In fact, the recent multi months HnS were also constructed based on older 52 weeks level, dating back to the 90s.

    However, from your charts, it seems that only up to 3 years of 52weeks level had been used.
    Are there any special reasons to omit older 52 weeks level?

    1. Soh Tiong Hum says:

      Dear Guoyong, I look at 52-week highs and lows over the past three years. Only two in fact: the set from last year and the year before. This is bearing in mind that: 1) levels for this year can be reprinted and therefore unreliable 2) looking at the last 2 years is just nice in terms of significance and recency.
      Please see this chart with levels from present to past 10 years. Clearly information overkill.
      EURAUD chart with 10 years' of 52-week highs and lows

Leave a Reply