EUR/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For the past weeks the Euro has formed an ascending channel pattern against the Canadian Dollar. The pattern is the result of a breakout from a triangle pattern, in which the currency exchange rate is on a much larger scale, as the triangle can be clearly seen only starting with the daily chart. At the moment, the common European currency is set to appreciate against the Loonie unopposed due to the fact that there are no resistances up to the level of 1.4850, where the upper trend line is located at and a strong resistance cluster begins. However, the rate might still touch the channel's support line once more, as there is room for a fall due to 66% of open SWFX positions being short. Moreover 86% of pending commands are to sell the Euro against the Canadian Dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Sep 2016 11:27:03 GMT

EUR/NZD 4H Chart: Channel Up

The New Zealand Dollar is another currency, against which the Euro is gaining ground. The situation is almost identical to the breakout out of a triangle on the EUR/CAD pair. However, the common European currency confirmed once more the triangle's support line before the breakout occurred. At the moment, the currency exchange rate is in the middle of a support

Wed, 14 Sep 2016 06:41:07 GMT

USD/CAD 1H Chart: Rising Wedge

USD/CAD took a bullish stance over the last week or so, just to fall into a rising wedge which is now building up bearish sentiment to trigger a sell-off after the bottom trend-line is breached. The pair has showed signs of a channel up as well, which could mean a prolonged bullish phase. However, strong resistance at 1.32 implies that

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.