EUR/CAD 1H Chart: Broadening Descending Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is in a broadening descending wedge pattern against the Canadian Dollar. The currency exchange rate confirmed the patterns upper trend line for the third time on June 19, and at the moment it is fluctuating at the 1.4365 level. Although, the pair has tried to move lower, it is struggling with the support provided by the 55 and 100-hour SMAs respectively at 1.4352 and 1.4349. The rate might once again touch the resistance cluster put up by the trend line at 1.4385, weekly PP at 1.4381 and 200-our SMA at 1.4394. Such move is also confirmed by the aggregate technical indicators, which forecast a surge in the next four hours and no changes in a daily timeframe.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 21 Jul 2016 06:24:17 GMT

EUR/TRY 1H Chart: Channel Up

Confirming the seven-month up-trend support line in mid-July helped EUR/TRY to start a recovery induced by an attempted coup in Turkey. It later on turned into a bullish channel. At the moment however, the currency pair is undergoing a downward correction, but it should not extend beyond 3.3650. After the price stabilises near the lower bound of the channel, the

Wed, 20 Jul 2016 09:55:03 GMT

USD/ZAR 4H Chart: Falling Wedge

The US Dollar recently confirmed a falling wedge pattern against the South African Rand. The pattern started forming in the week following the UK referendum on membership in the European Union. At the moment, the currency exchange rate is in the middle of the pattern at 14.30, as it is moving downwards to the pattern's support line at 14.08. However,

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.