EUR/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
If we analyse the last 180 bars on the four-hour chart of EUR/CAD, we may come to a conclusion that the currency pair is currently forming a bullish channel. Given that this supposition is true, the Euro should turn around before hitting the long-term moving average, namely at the up-trend support line at 1.5353, which is presently reinforced by the daily and weekly S1 levels. Then the price will be well-positioned to target 1.5653, where it will supposedly encounter the upper boundary of the pattern and begin another bearish correction. However, the market does not seem to be optimistic at the moment—merely 40% of the traders are holding long on EUR/CAD  positions.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 26 Mar 2014 08:48:34 GMT

AUD/CHF 1H Chart: Channel Up

During the last 100 hours the Australian Dollar has been generally outperforming the Swiss Franc, which resulted in emergence of an upward-sloping channel. This implies the support and resistance areas at 0.8086 and 0.8148 respectively. However, the latter level is currently being tested and it needs to prevent additional appreciation of the Aussie in order to confirm validity of the

Tue, 25 Mar 2014 15:18:23 GMT

EUR/NZD 4H Chart: Channel Down

As EUR/NZD proved to be unable to advance beyond the resistance at 1.6673 late February, it started to decline. Eventually, the currency couple formed a downward-sloping channel, since it was consistently respecting two parallel falling trend-lines. However, the upper edge of the pattern still appears to be unreliable, but the fact that it is strengthened by the 200-period SMA increases

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.