USD/CAD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A short rising wedge pattern, only 63-bar long, has been formed by USD/CAD since October 22. After touching a one-month low of 1.0273, the U.S. Dollar gained momentum against the Loonie, rallying to 1.0436 on October 24; fast pace of appreciation is also reflected in the steepness of the pattern's boundaries. However, the jump seems to weaken the U.S. Dollar that breached though the down-trend support one hour ago, suggesting that the bearish breakout is possible but now it is not clear whether the pair broke the pattern in earnest or it is a short-term weakness.
© Dukascopy Bank SA
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Fri, 25 Oct 2013 06:17:36 GMT

USD/SGD 1H Chart: Channel Down

Having jumped above its 200-hour SMA, USD/SGD fell off in vigour and dropped below the long-term SMA that has acted as a formidable resistance since then. The U.S. Dollar continued to depreciate against its Singapore's counterpart after crossing the SMA and recently the pair has hit more than a half-year low of 1.2344. Currently, the currency couple is vacillating at

Fri, 25 Oct 2013 06:17:17 GMT

EUR/NZD 1H Chart: Rising Wedge

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