CAD/HKD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The overall trend in CAD/HKD is sideways, however, during the last several months the pair has been climbing higher. On April 23 the pattern was at risk of a breakout, as bears pushed the pair up to the lower trend line. The level of 7.0139 also supported by a 200-period SMA managed to limit pair's depreciation and until now bears are forced to retreat. Aggregate technical indicators are neutral on three different timeframes, suggesting the pair can continue fluctuating around pattern's support. Market sentiment is not clearly marked as well, hence, traders are neutral as well. A move above 7.0942 will clear the way for 7.1254, while a penetration of 7.0587 will indicate bearish trend.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 06 May 2014 11:44:29 GMT

GBP/NZD 4H Chart: Channel Up

Both the Pound and the kiwi are highly attractive for traders, keeping in mind hawkish RBNZ and strong fundamentals from the U.K. The GBP/NZD pair, however, is driven by the kiwi, as during the one week period the pair has plunged more than 400 pips. The pair is trading around pattern's lower boundary and while usually it will be interpreted

Tue, 06 May 2014 06:52:33 GMT

USD/CHF 4H Chart: Triangle

USD/CHF exited a 200-bar long triangle pattern in the first days of May. Although the breakout was bearish, we have not seen a massive sell-off up to now and considering the SWFX data, the pair is likely to lack direction in the foreseeable future. According to the SWFX numbers, about 54% of traders bet on appreciation of the pair, while

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.