GBP/JPY 4H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair trading in the highest levels since the august of 2009. Despite this giving significant psychological pressure on the pair it is maintaining bullishness for the time being.  Short term technicals on aggregate  point at further appreciation of the pair suggesting that the pair still has the propensity to reach new high. Medium and long term technicals, mostly due to the readings of Stochastic and RSI indicators, suggest we should see some sort of bearish correction. It might bet that the mounting psychological pressure on the pair will ignite a sell off and we could see it trailing to 200-bar SMA.

© Dukascopy Bank SA
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Fri, 20 Sep 2013 13:17:50 GMT

GBP/CAD 1H Chart: Channel Up

Pair  seems to be having some problems as it approaches August and September highs. It tested the pattern's boundaries on 18th of September, reaching September high at the same time, which caused the pair to loose 170 pips in the course of 12 ours. Pair managed to recover just slightly more than half of this loss only in the course

Fri, 20 Sep 2013 06:38:40 GMT

AUD/CAD 1H Chart: Rising Wedge

The pair got impetus after it broke through its 200-hour SMA on September 13 and started to form the channel up pattern. Since then, the pair managed to attain a three-month high of 0.9741; however, a rally to this level exhausted AUD/CAD that failed to get a foothold at this level and declined to 0.9712 (four-hour PP). The overall outlook

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