USD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The greenback demonstrated an enviable resilience by withstanding heavy pressure prevailing after it hit a five-year high against its Canadian peer. Following a mild retreat after the recent peak, USD/CAD started to form a channel up pattern that enabled the pair not only to recover some losses but also to re-approach the highest level since 2009.
However, the triumph of the U.S. currency versus the Canadian one may have come to an end. After being clung to the lower limit for almost 24 hours, the pair broke this level and only the 50-hour SMA at 1.1083 is containing a further decline that may result in a long-term weakness of USD/CAD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 26 Feb 2014 12:30:02 GMT

GBP/JPY 4H Chart: Ascending Triangle

As usual ascending triangles can be highly profitable for traders in a short period time. All they have to do is wait until the price reaches pattern's apex point. In our case the GBP/JPY currency pair will reach the apex point, where both trend lines converge, on February 28. Despite the fact the pair is already trading below the lower

Wed, 26 Feb 2014 07:54:33 GMT

EUR/CHF 1H Chart: Falling Wedge

A 194-bar long falling wedge pattern was formed by EUR/CHF on the one-hour chart in mid-February. The pattern represents a part of the long-lasting losing streak commenced after the pair reached a two-month high of 1.2395 in the very beginning of the year. At the moment, EUR/CHF is trading slightly below the daily pivot point that lies at 1.2200 but

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.