USD/CAD 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A stab to a five-year high of 1.1279 provoked a decline of the U.S. Dollar against the neighbouring country's currency. The drop was halted only at a three-week low of 1.1002, the lowest mark of the 98-bar long double bottom pattern.
Now the pair is gradually nearing the neck-line at 1.1078 and may reach it before long given absence of any significant hurdles for the rise. To climb to the neck-line, above which USD/CAD may enjoy a sharp rally, the pair has to meet resistance only at 1.1058/69 (four-hour R1, R2, R3) and considering bullishness on the market-circa 65% of positions are long, the advance is not likely to be discouraged by this hindrance.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 01 Apr 2014 06:41:11 GMT

EUR/USD 1H Chart: Falling Wedge

A jump to a two-year high of 1.3966 seems to have exhausted the potential of the most traded currency pair. After a rise to this high, EUR/USD entered a bearish formation, falling wedge, that despite having average quality has high magnitude and is over 300-bar long. Currently, the pair is locked between 50-and 200-hour SMAs, with the 200-hour SMA at 1.3785

Tue, 01 Apr 2014 06:46:57 GMT

EUR/PLN 1H Chart: Channel Down

Since mid-March, the Euro has been losing ground against most of its counterparts and the Polish Zloty was not an exception. After EUR/PLN touched a six-week high of 4.2506 on March 13, the pair started a retreat that eventually led to a formation of the channel down pattern. At the moment, the pair is trading slightly below its 50-hour SMA meandering

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.