USD/CAD 4H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Last time the USD/CAD currency pair touched the lower boundary of the present pattern in the second half of November. From that point of time the pair has been constantly gaining strong value and covered around 300 pips to the upside. At the moment it is approaching a tough supply zone, represented by weekly and monthly R1, which would like to turn the pair in the opposite direction. However, we do not support this scenario. Judging from technical studies, the Greenback will appreciate not only in the upcoming days, but also in the long-term. Moreover, as many as 70% of all SWFX traders are holding long opened positions on the US currency versus the Canadian dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 12 Dec 2014 08:58:10 GMT

AUD/JPY 1H Chart: Falling Wedge

With the end of November also the pair's up-trend came to an end and it started to decline. By doing that the pair was pushed into a 95-bar long falling wedge pattern. At the moment, the Aussie is testing the upper trend-line of the pattern and the monthly S1 at 98.44. Moreover, the pair has fallen below the high importance level

Thu, 11 Dec 2014 14:31:04 GMT

AUD/USD 1H Chart: Channel Down

As forecasted yesterday, the pattern's resistance of the AUD/USD currency pair managed to push the cross to the south, as it is still strengthened by daily R1 and 200-hour SMA. Therefore, since the beginning on Thursday the pair is  losing value, and we assume it to continue depreciating. Both short and long-term technical indicators are sending bearish signals for 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.