EUR/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is in an ascending channel pattern against the Canadian Dollar, as the currency exchange rate recently confirmed for the second time the pattern's support line at 1.4485 and rebounded against it. At the moment, the currency exchange rate is in the middle of a support cluster made up of the weekly PP at 1.4606 and 55-period SMA at 1.4586. Aggregate technical indicators forecast a surge for the pair during today's trading session. In addition, the indicators predict that the currency rate will remain unchanged during a weekly time frame, which is consistent with the pattern, as the rate would bounce off the pattern's upper trend line and afterwards move lower during this week.
© Dukascopy Bank SA
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Mon, 08 Aug 2016 10:29:04 GMT

EUR/CHF 1H Chart: Channel Up

The Euro is appreciating against the Swiss Franc in a channel up pattern, as the currency exchange rate is once again confirming the pattern's upper trend line at 1.0885. However, the pair already confirmed the pattern's upper trend line for a second time on August 5, and it should have go down to the pattern's support line at 1.0853. In

Fri, 05 Aug 2016 11:17:04 GMT

CAD/JPY 1H Chart: Channel Down

The Canadian Dollar is in a downwards tended pattern against the Japanese Yen, as the currency exchange rate is approaching the pattern's upper trend line, which is located at 78.00. However, the pair has been struggling to break through the resistance put up by the 100-hour SMA at 77.61, as the rate reached it at 4:00 GMT on August 4

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