EUR/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/CAD sketched an ascending channel pattern on the hourly chart, and then broke it just a few hours ago. It now appears that a bearish motion should follow, but the area below has not been explored since July 2015. We will therefore expect the dive to experience trouble with sliding below 1.3846, the December 12 low, or even cut the losses right then and there. The SMAs weighing on the currency could, however, facilitate the movement and make levels above unattractive as major cluster of resistances lies at the 1.3957/23 area. The immediate floor is now set at 1.3846/3832 and will limit access to levels beneath.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 16 Dec 2016 09:27:28 GMT

EUR/NOK 30M Chart: Rising Wedge

EUR/NOK corrected the weekly highs it was attempting with a rising wedge pattern, suggesting that a downfall might follow. The rate has just exited the pattern to the downside and is currently attempting the 20-period SMA at 9.0335. More risk is located at 9.0252 and then 9.0204/0190 and we will most likely look for the levels to crumble, following a

Thu, 15 Dec 2016 16:34:12 GMT

EUR/JPY 1H Chart: Ascending Triangle

EUR/JPY left September lows with a surge and then consolidation inside of an ascending triangle pattern. The pair has just broken the upper boundary of the pattern and appears to be on its way to retrace form the broken level. We now expect the rate to tap at the resistance level of 112.75 and extend the surging motion after it

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.