USD/CAD 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Greenback-loonie cross is signalling about pairs depreciation as this is the main underlying idea of the Double Top pattern's (pair fails to reach new high and gradually returns to the previous levels). Such development in the short term is supported by the technical indicators. In the medium term, however, we have completely different picture—almost unanimous indication of pairs appreciation. Taking in to account that pattern's high is also the pairs highest level in more than 2.5 years it gives ground to the speculation that our Double Top pattern could convert in to Triple Top or Rectangle pattern. 

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Jul 2013 13:41:15 GMT

EUR/JPY 4H Chart: Channel Up

As most of the pairs, which denominate yen as a foreign currency, euro-yen cross has been holding bullish trend for some time now. After a recent rebound from the pattern's resistance pair has been moving towards the pattern's support rather neatly. To give the complete picture, however, we should inform that on the same chart (4h) there are few Rising

Fri, 05 Jul 2013 14:21:05 GMT

AUD/CAD 4H Chart: Channel Down

At the moment of writing the AUD/CAD was trying to penetrate the resistance line, meaning an end to the downside trend, which started on April 11, when the pair dropped from 1.0715, currently trading at 0.9654, only 10 pips below the upper trend line. However, according to aggregate technical indicators, the pair will bounce back from this level, as indicators

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.