CAD/JPY 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Canadian Dollar trades in a rising wedge against the Japanese Yen as a result of a breakout from a more than few years old triangle pattern. However, as the wedge is about to become obsolete, and a new pattern is set to reveal itself, the rate is more affected by something else. There are two notable Fibonacci retracement level sets, which have had a larger influence on the currency exchange rate than anything else. The wider retracement levels are measured by connecting the 2014 high level and the 2016 low level. The narrower retracement levels are measured by connecting the 2016 high and low levels.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 24 Nov 2016 14:16:15 GMT

GBP/JPY 1H Chart: Channel Up

The Pound is surging in an ascending channel pattern against the Japanese Yen, as the currency exchange rate has broken out of a long term descending channel patter. However, most recently the pair traded in as broadening ascending wedge pattern, as the rate continued to surge, while actually moving from the ascending channel's resistance line to its support line. The

Thu, 24 Nov 2016 07:54:14 GMT

USD/HKD 1H Chart: Channel Down

The US Dollar is set to lose value against its Hong Kong counterpart. Apart from the down-sloping channel, bearish sentiment is implied by a breach and confirmation of the long-term moving average. During the next few days the rate is expected to test support at 7.7545/42, which could provide a temporary relief, while next week the Greenback is more

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.