GBP/CAD 1H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Pound/Loonie currency pair may continue forming the rectangle pattern in the foreseeable future, as the Pound finally managed to approach the lower boundary of the pattern. Still, before touching this line the pair will have to test the major level at 1.79, which is reinforced by weekly S1 two pips lower. As expected by short-term technical indicators, the pair will manage to bounce back to the upside from the lower trend-line and continue hovering in the up-trend. Daily studies, however, predict the pair's long-term downtrend to continue. At the same time, market participants are undecided on pair's future, are bears exceed bulls only by five percentage points.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 14 Oct 2014 13:28:05 GMT

EUR/NZD 4H Chart: Descending Triangle

The EUR/NZD currency cross is gradually filling free space inside the descending triangle pattern, while trading range is narrowing. It still has an opportunity to touch both trend-lines for a few times before eventual break-out.However, before approaching the horizontal lower boundary, the pair will have to cross the monthly pivot point at 1.6056, which can pose some problems for pair's

Tue, 14 Oct 2014 07:49:39 GMT

AUD/SGD 4H Chart: Broadening Falling Wedge

After reaching the strongest level since July on 5th of September, the AUD/SGD cross started sliding in value. Moreover, the pair's decline led to a formation of broadening falling wedge pattern. Currently, the pair is appreciating towards the upper boundary of the pattern, after bouncing off the psychological level at 1.10. Additionally, this level has not been touched since May

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.