EUR/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/JPY started autumn on the high note, jumping from almost a two-week low of 129.31 hit on August 30 to more than a four-month high of 133.37 touched on September 11. However, now the pair seems to lose its spree, as it approached the lower-boundary of the pattern and is not willing to bounce off this region. At the same time, market players remain optimistic about the future moves of the pair, being bullish in 56.92% of cases. Meanwhile, technical indicators are sending mixed signals, suggesting a jump in the short-run, a retreat in the medium-term and an appreciation in the long-term.
© Dukascopy Bank SA
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Tue, 17 Sep 2013 07:15:15 GMT

USD/CAD 1H Chart: Channel Down

A sharp advancement in the mid-August resulted in an accelerating depreciation of USD/CAD; the currency pair tumbled from six-week high of 1.0569 topped on August 23 to the lowest level in more than a month of 1.0282 hit this Monday. Surprisingly, the sharp decline created an impetus for a jump of the pair that is attempting to consolidate above

Tue, 17 Sep 2013 07:14:57 GMT

EUR/USD 1H Chart: Channel Up

The most traded currency pair reached almost a two-month low of 1.3105 in the beginning of September, when the formation of the channel up pattern started. One week later, the shared currency commenced to appreciate against its U.S. counterpart, hitting almost a one-month high of 1.3386 in mid-September. Currently EUR/USD is vacillating slightly above its 50-hour SMA at 1.3327, and

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