EUR/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Let us look again at the channel up pattern shaped by EUR/CAD on November 25. The pair has recently surpassed a five-year high sitting at 1.4441 but failed to gain a footing at this peak and retreated, albeit slightly. Meanwhile, the SWFX data indicates a possibility of a jump of the single currency against the Canadian Dollar as 60.61% of all orders are placed to buy the pair. Technical indicators are pointing to a climb in the short and medium terms and are sending neutral signals for longer time frame.
© Dukascopy Bank SA
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Mon, 02 Dec 2013 07:35:26 GMT

GBP/JPY 1H Chart: Channel Up

Having jumped above the 200-hour SMA, GBP/JPY commenced its upswing that has eventually led to a formation of the channel up pattern on November 20. The pair was following its bullish trend unremittingly, withstanding heavy selling pressure arising when the currency couple was hitting record highs. For example, GBP/JPY touched the highest mark since at least 2009 but has no

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