CAD/CHF 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CAD/CHF has been bullish since the beginning of April, but now there are strong arguments against further appreciation of the Canadian Dollar. There are many technical indicators that are pointing north, but the currency pair is approaching the upper boundary of the channel emerging in the daily chart. Moreover, the price is forming a rising wedge—a pattern that portends a reversal. Accordingly, we expect the rate to bounce off of 0.78 and then fall down to 0.76, where it should meet the 200-hour moving average. If 0.78 is not enough to stop the current rally, however, there is a resistance trend-line at 0.7880 that connects all the notable highs that have been reached since November of 2007.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 25 Apr 2016 07:12:12 GMT

EUR/CAD 4H Chart: Falling Wedge

EUR/CAD has been bearish since it broke through a one-year up-trend in mid-April. However, there is a high chance of a retracement back to resistance circa 1.47 before another sell-off, being that the currency pair is trading within the boundaries of a falling wedge, a pattern that implies weakening supply and strengthening demand. If the price manages to close above

Fri, 22 Apr 2016 14:05:04 GMT

EUR/AUD 4H Chart: Channel Down

The Euro is very well positioned for losses over the next month. In the beginning of April the pair has bounced off the pattern's upper boundary, while subsequently crossing the monthly pivot point and all major moving average lines. Now the nearest support is represented by the March low, as well as monthly and weekly S1 lines at 1.4452/1.4398. Next

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.