AUD/CAD 4H Charts: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Aussie is surging against the Loonie simultaneously in two patterns. One of them is a rising broadening wedge suitable for a medium term trading strategy, and the second one is the short term channel formed in consistency with the rates rebound against the wedge's support line. Previous movements in the wedge have shown high volatility, in contrast to the channel up pattern, which is only about 30 pips wide. The only level of significance in the borders of the channel this week is the monthly pivot point at 0.9918, which recently has been passed from the downside, and since then it began to provide support to the rate.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 20 Sep 2016 06:22:22 GMT

USD/PLN 4H Chart: Symmetrical Triangle

USD/PLN dived right into a symmetrical triangle formation, suggesting that the rate will continue on the bearish note, and could be launching a new attack on 3.7742 (May highs) after 3.8440 - the bottom trend-line of the triangle is broken. Southward pressures are also confirmed by various SMAs which are situated above, with the 55-period and 100-period SMA crossover just

Mon, 19 Sep 2016 11:11:05 GMT

USD/HKD 4H Chart: Rising Wedge

The US Dollar is surging in the short term against the Hong Kong Dollar in a rising wedge pattern. On a larger scale the currency pair is in a channel down pattern, as the rising wedge is in general a rebound of exchange rate against the channel's lower trend line and the following move to the pattern's resistance line. Recently

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.