AUD/CAD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
However you look at AUD/CAD, nearly every technical study suggests further appreciation of the Australian Dollar. In addition to a high-quality ascending channel, which implies a rally towards 1.0185/70, the bullish outlook is reinforced by the fact that the pair has recently broken through a falling resistance trend-line that was established during the last month of 2015 and during the first four months of 2016. At the same time, the distribution between the longs (28%) and shorts (72%) is also bullish, since it shows that the Aussie is heavily oversold. Another argument to be long the pair is the technical indicators, as majority of them, especially in the daily and weekly time frames, is giving ‘buy' signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 09 Aug 2016 06:56:03 GMT

CHF/SGD 1H Chart: Channel Down

From the point of view of the emerging pattern and the technical indicators, the bias towards CHF/SGD is bearish. The outlook may also be considered negative due to the market sentiment, as 72% of positions are long. The pair is currently trading near the upper bound of the channel, and this implies a decline from 1.3730.On the other hand,

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

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.