CAD/JPY 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite the fact CAD/JPY broke the upper limit of the 76-bar long triangle pattern a day earlier, the question whether the breakout was real remains in place as after a short-lived rally to a two-month high of 94.27 the pair reversed its trend and started to move towards the pattern's upper trend-line.
CAD/JPY is now trading slightly above the pattern's resistance; however, SWFX traders do not lose faith in the instrument – more than 80% of them hope an accelerating advance still lies ahead. Technical numbers also point to a possible rise of CAD/JPY in the short and medium terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Jun 2014 06:27:26 GMT

USD/DKK 1H Chart: Falling Wedge

USD/DKK not only failed to re-approach a five-month high of 5.5274 attained early June but also came under heavy selling pressure that pushed the pair into a falling wedge pattern. However, throughout the period of its weakness, the currency couple has been demonstrating a strong unwillingness to depreciate by trying to consolidate above the tunnel's resistance more than once. Currently,

Fri, 20 Jun 2014 06:26:42 GMT

EUR/NZD 1H Chart: Triple Bottom

The Euro lost circa 600 pips versus the New Zealand Dollar during eight trading days ended June 12. Later on this dive became a part of the 251-bar long triple bottom pattern. At the moment, EUR/NZD is struggling at the 50-hour SMA at 1.5620; however, this resistance is not the only hindrance for a climb to the neck-line at 1.5689. The

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.