GBP/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British currency has been constantly moving down from upper trend-line of the pattern since the middle of Monday. It almost approached the support level, represented by 55-hour SMA and daily S1 at 1.8168, and it will be the last support level for the pair before it nears the lower boundary of the channel up. Short-term technical indicators send bearish signals for this currency pair, meaning that bearish scenario is likely to take place in the nearest future. However, medium-term studies point to the upside, increasing likelihood of bounce from the trend-line. Meanwhile, SWFX traders are undecided on the future of this cross, as bears have a slight majority with 52% of all positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 21 Oct 2014 12:51:03 GMT

AUD/USD 4H Chart: Rectangle

The Aussie is still developing inside the boundaries of rectangle pattern, as the pair refused to attack a considerable support line, which is strengthened by 55 and 100-period SMAs and the weekly pivot point around 0.8760. Future of the pair will depend on its ability to cross this important level; however, it looks rather strong for the Australian currency. More

Tue, 21 Oct 2014 07:34:28 GMT

USD/CAD 4H Chart: Channel Up

Since the pair fell to this year's lower levels around 1.06 at the beginning of July, the US Dollar has outperformed the Canadian counterpart rather heavily. More recently (at the middle of September) the pair started to form a channel up pattern. Currently, USD/CAD is sliding towards the lower trend-line that is located around 1.12 level. Nonetheless, to our mind 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.