GBP/CAD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/CAD is highly unlikely to surpass 2.0630 in the near term, let alone a major resistance area at 2.07. Although the former is implied only by the Aug 5 high, the price is currently forming a rising wedge, meaning the bears should soon take control of the pair. Speaking of supply at 2.07, it is indicated by the upper boundary of the pattern, weekly R2, and more importantly, by the highest exchange rate level since 2008. Accordingly, the Sterling is expected to decline through the nearby supports and extend the decline down to 2.0450. The SWFX market appears to have a similar opinion: 72% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 21 Aug 2015 06:15:19 GMT

GBP/JPY 1H Chart: Channel Down

Assuming that GBP/JPY is forming a bearish channel right now, there should be a small rebound in the short run. The currency pair is expected to confirm the lower boundary of the channel and rise up to 193.50 before commencing a new down-leg. The Sterling should retain the downward momentum at least until 192, where the currency is going to

Thu, 20 Aug 2015 14:26:11 GMT

EUR/GBP 4H Chart: Channel Up

While the Euro/Sterling  pair formed the same bullish channel pattern as the previous cross, its near-term outlook seems to be more positive. At first, the Euro managed to appreciate as high as 0.7130 by Thursday midday, meaning that it is now hovering above weekly PP, 55 and 200-period SMAs. Daily technical indicators assume the pair will move further to 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.