GBP/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the beginning of August, we have observed a clear upside trend developed by GBP/CAD; the pair started to shape a channel up pattern only in the second part of October. Although at the moment of writing the currency pair was retreating from a five-year high reached about a day earlier, market sentiment was strongly bullish as more than 73% of all orders were placed to buy the pair. Meanwhile, technical indicators are neutral for short-to-long terms.
© Dukascopy Bank SA
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Tue, 31 Dec 2013 07:15:09 GMT

AUD/CAD 4H Chart: Channel Down

Having attained almost a six-month high in the very end of October, the Australian Dollar started to lose ground against its Canadian peer. The currency pair performed a decline within the limits of the channel down pattern that now is 225-bar long. Currently the pair is vacillating near the upper boundary of the pattern, a proximity to which may result

Tue, 31 Dec 2013 07:14:30 GMT

EUR/AUD 4H Chart: Double Top

A lack of wide swings between July and November helped the single currency to accumulate strength against the Australian Dollar. In mid-November, the pair embarked on a sharp appreciation that sent it to a three-year high. Furthermore, the advance led to a formation of the double top pattern in early December; EUR/AUD has recently started a retreat from the second

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