USD/CAD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having found the support at 1.06 six months ago, the US Dollar was able to start forming a bullish channel. Accordingly, the upward momentum should persist, with the main short-term resistance and support levels being at 1.1525 and 1.1225, respectively, as suggested by the trend-lines of the pattern.
Meanwhile, neither the daily nor the monthly technical indicators agree on the direction of USD/CAD. However, the weekly studies are distinctly bullish, and the demand at 1.1225 is highly unlikely to be violated, as it is reinforced by the monthly S1 and Jan high. Also, the SWFX sentiment is strongly positive—75% of open positions are presently long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 01 Dec 2014 08:54:29 GMT

GBP/CAD 1H Chart: Broadening Rising Wedge

After finding a support at 1.7543, GBP/CAD received a bullish impetus that pushed the pair into a broadening rising wedge pattern. The pair's target already for some time is the major level at 1.80. Recently the Pound touched the upper trend-line that sent the pair lower. However, around the pattern's support line stands a cluster of supports (100 and 200-period SMA;

Fri, 28 Nov 2014 14:28:05 GMT

EUR/JPY 4H Chart: Channel Up

Opposite to the previous currency cross, the Euro has been appreciating against the Japanese yen  since the third week of October. Therefore, this currency pair managed to form a high-quality and magnitude channel up pattern on a four-hour chart. At the moment the shared currency is testing the lower boundary of the pattern at 147.97. We assume that this action

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.