USD/CAD 4H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is a great amount of bullish potential for USD/CAD if the support levels (100-bar SMA; daily S1) around 1.1225 holds, since the broadening rising wedge pattern has formed. The more reliable daily and weekly technical studies are bullish and that could help to keep the pair afloat. Moreover, an overwhelming majority (75%) of the market participants are long the Greenback. Currently, the target level is the weekly R1 and major level at 1.13, these levels have halted bullish break-outs for the last two weeks. However, we still expect the pair to breach these levels in this trading week due to the strong bullish sentiment and ‘buy' signals that the technical indicators are giving.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 28 Oct 2014 15:02:50 GMT

GBP/CAD 1H Chart: Channel Down

GBP/CAD topped out at 1.8260 this month and now the pair is moving south. If none of the nearest supports manage to stop the decline, the pair will continue to form the bearish channel that is already more than 200 bars long. Since the Sterling is currently trading just below the upper boundary of the figure, the bias towards GBP/CAD

Tue, 28 Oct 2014 08:56:03 GMT

EUR/AUD 1H Chart: Descending Triangle

EUR/AUD reached a multiple month high at 1.4707 on 16th of October. However, the pair's bulls failed to push it higher, thus a decline followed. After a retreat below the 100 and 200-period SMAs the pair found a support and formed a descending triangle pattern. Currently, the Europe's shared currency is heading towards the pattern's support at 1.4368 and also nearing

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.