CAD/JPY 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As currently in EUR/SEK, there are plenty of reasons to be short this currency pair as well. There is a distinct descending channel emerging in the chart, and the downward momentum is confirmed both by the technical indicators and by the market sentiment, since there are a lot more long positions (67%) then there are short ones. And while we are bearish on CAD/JPY for the next week, longer-term perspective is not as clear. Looking at the monthly chart, for example, we see that the price is approaching a 17-year up-trend support line, which given its seniority negates all the ‘sell' signals we have. We therefore expect a strong bullish reaction after the rate gets closer to 75 yen.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Aug 2016 11:06:03 GMT

USD/HKD 1H Chart: Channel Down

The US Dollar is depreciating against the Hong Kong Dollar in a descending channel pattern, as the currency exchange rate at the moment is close to the pattern's lower trend line. In addition, the USD/HKD has reached the support level provided by the weekly S1 at 7.7552. In accordance with the pattern, the rate should move northwards, as the rate

Fri, 05 Aug 2016 05:52:40 GMT

EUR/SEK 1H Chart: Channel Down

There is a plethora of arguments in favour of a weaker Euro against the Swedish Krona. For one, the currency pair has broken through an important support at 9.54 on August 3, which consisted of the 200-hour SMA and a seven-week up-trend. In addition, EUR/SEK has formed a descending channel, and most of the technical indicators are pointing south. Moreover,

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.