EUR/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair's Channel Down pattern has been developing rather nicely. However, we can see some turbulence in the recent trading activity which might cause some confusion and pair might trade sideways for some time. In any case, we think that pair is likely to continue to develop in the ranks of the pattern and start appreciating towards the pattern's resistance.  Such turn of events is dictated by the Stochastic indicator on the daily chart. In the short and medium term pair might hover lower.

© Dukascopy Bank SA
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Mon, 08 Jul 2013 08:29:16 GMT

AUD/CAD 4H Chart: Channel Down

Aussie has been losing value against the loonie for quite some time, thus making the  formation of a Channel Down pattern inevitable. It is worth mentioning that pattern's quality, due to volatile trading in the middle of the pattern is slightly below average. However, pairs magnitude of possible movements there for is above average and traders could expect significant relative

Mon, 08 Jul 2013 05:49:29 GMT

GBP/NZD 1H Chart: Channel Down

In case of this pattern we would rather look at its upper boundary, considering it received more confirmations during the last 65 hours than the lower counterpart. Accordingly, the falling resistance line is a more reliable estimator of the turning points for GBP/NZD in the nearest future, it is also currently being tested at 1.9257.Judging by the technical studies, risks

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