USD/HKD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A jump to a one-month high of 7.7677 provoked an accelerating decline of USD/HKD that lasted during more than a month and ended only when the pair touched a three-month low of 7.7520 on April 22. This low gave the pair an impulse to erase some of the previous losses and pushed it into an ascending triangle pattern.
However, the pair failed to draw strength from this impulse and has recently exited the pattern by breaching its lower limit. Although, up to now, we have not observed a massive sell-off that usually follows a bearish breakout, technical data suggests depreciation is looming.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Apr 2014 06:51:58 GMT

USD/CAD 4H Chart: Ascending Triangle

USD/CAD managed to stop its plunge from the highest level since 2009 of 1.1279 in the first days of April and shortly after that the instrument commenced formation of an ascending triangle. Having approached the apex, the pair exited the bullish pattern but the breakout did not lead to either a jump or a decline since the pair is trapped by

Mon, 28 Apr 2014 06:51:29 GMT

EUR/CAD 1H Chart: Rising Wedge

After a two-week retreat from a five-year high of 1.5584, the Euro changed its trend against the Canadian Dollar and entered a 191-bar long rising wedge pattern. At the moment, the instrument is stuck in its 50-hour SMA at 1.5254; however, this SMA is not likely to withstand selling pressure for a long time as over 70% of market players at

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.