EUR/CAD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since last Friday when we were discussing EUR/CAD last time, the pair soared to the upper trend line. Short-term technical indicators are still sending ‘buy' signals, meaning the pair can move slightly above pattern's resistance, putting 1.4569 on the map. More than 70% of traders also support bullish scenario, however, the long-term pair's appreciation is under question. A slight majority of pending orders in a 100-pip range are placed to sell the single currency versus the Lonnie, while technicals on a daily ad weekly charts are bearish as well. Hence, the long-term target for bears is located at 1.4419, right at the level of a recent low.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Jul 2014 13:53:08 GMT

GBP/NZD 1H Chart: Channel Up

Thanks to the strong support at 1.9370 GBP/NZD was able to commence a robust recovery earlier this month. This is evidenced by the currency pair forming a bullish channel. The near-term outlook, however, appears to be bearish, being that the price is currently fluctuating near the upper trend-line of the pattern. Accordingly, there is likely to be a downward correction,

Mon, 28 Jul 2014 13:05:09 GMT

CHF/JPY 4H Chart: Channel Down

After hitting the high of 119.18 on December 27 the CHF/JPY currency pair began depreciating and hit this year's low on February 4 at 111.69. At the moment of writing the pair was changing hands at 112.60, just 91 pips above the above-mentioned level. A vast majority of trader (75%) are holding short positions on the pair, while technical indicators

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.