USD/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 256-long channel up pattern was formed by USD/CAD on May 9, when the pair surged from a level close to parity, currently represented by Fibonacci Retracement. At the moment of writing the pair was hovering around the 200-day SMA, which stands at 1.0385. According to technical indicators, the pair is likely to reach the support line in the shorter term, however, in a longer period, the continuation of an uptrend is expected. It is also important to mention that the majority (72%) of all opened positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 23 Jul 2013 06:49:05 GMT

GBP/AUD 1H Chart: Triangle

For more than 300 hours already GBP/AUD has been gradually reducing the trading range, being contained by two converging trend-lines.The upper one is currently creating the resistance at 1.6666, which is also reinforced by the daily R1 level. On the other side the currency pair is underpinned by the up-trend line at 1.6543, which in turn is strengthened by the

Mon, 22 Jul 2013 14:12:12 GMT

EUR/USD 4H Chart: Ascending Triangle

The most traded currency pair has formed an ascending triangle pattern on the 4H chart on July 9. At the moment of writing, the pair traded at 1.3185, level which is very close to pattern's resistance line. Even though the market sentiment is not clearly market, the pair is most likely to head to the north, as aggregate technical 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.