CAD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Canadian Dollar has been trading mostly higher versus the Japanese Yen since early November and in the very beginning of December the pair commenced to shape a channel up pattern. Now the pair is faltering close to a seven-month high hit several hours earlier. As concerns potential moves of the pair, it may return to the recent high and even surpass it as 71.43% of market participants are bullish on the pair. This also may lead to a breakout given the proximity of the pattern's resistance as well as bullishness of the technical indicators.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 31 Dec 2013 12:02:58 GMT

USD/ZAR 4H Chart: Rising Wedge

While on the daily chart USD/ZAR is currently moving from the lower boundary of the bullish channel pattern towards the upper, on the four-hour time-frame the currency pair is forming a rising wedge. Being that this formation usually portends a reversal, we should be especially careful when the price bounces off the resistances at 10.71, where it is currently headed,

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

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.