GBP/CAD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The U.K. currency has been trading at elevated levels against the Canadian Dollar since mid-January. Recently, GBP/CAD has attained the highest level since at least 2009 of 1.8442 and now it is vacillating slightly below this peak at 1.8254 that is located at the lower boundary of the triangle pattern formed on February 14.
However, the pair is likely to witness a drop from record highs as it may break out of the pattern as 63.64% of all positions are short. At the same time, technical indicators do not shed any light on the pair's future moves, being neutral for short, medium and long terms.
© Dukascopy Bank SA
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Wed, 19 Feb 2014 11:48:36 GMT

GBP/AUD 1H Chart: Channel Up

Initially, it seemed that GBP/AUD was going to continue fluctuating within the boundaries of the bullish channel, as the lower up-trend line proved to be quite formidable. However, eventually the bears took the upper hand, mainly because of the back-up from negative fundamentals, and forced the support at 1.8516 to give in to the selling pressure.The currency pair has already

Wed, 19 Feb 2014 07:56:58 GMT

GBP/JPY 1H Chart: Rising Wedge

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