USD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A recent correction of the US Dollar will be tested at 1.3135/26 in the nearest future. This support is represented by the daily pivot point and 55-hour SMA. A success here should trigger some extra sell-off down to the next major demand at 1.3089/73. This 16-pip narrow range gives a location to four technical levels. Among them, weekly pivot point and 100-hour SMA create especially high bullish potential. Hence, the USD/CAD cross may resume rallying, even before touching the pattern's lower edge at 1.3079. Should the negative trend persist, as suggested by 53% of SWFX traders, then bears will aim at the 200-hour SMA (1.3013), followed by weekly S1 and daily S2 around 1.2980.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 26 Oct 2015 13:39:14 GMT

GBP/USD 4H Chart: Falling Wedge

There is currently one strong technical level, namely the monthly pivot point, located directly between two trend-lines of the observed pattern. It implies uplifted volatility risks as there is lack of important levels, which may limit the Cable's movements. This scenario will become reality, once the mentioned monthly level is violated at 1.5298. Bearish sentiment should be reinforced by 100/200-period

Mon, 26 Oct 2015 07:42:04 GMT

USD/JPY 1W Chart: Channel Up

Judging by the situation in the weekly chart, the US Dollar is ready to commence a long-term recovery. Right now USD/JPY is trading near a major rising resistance line at 118, which should be able to trigger strong buying. And even though the weekly technicals are against a bullish scenario, meaning we may get closer to the lower trend-line first,

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.