CAD/HKD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CAD/HKD left 2016 lows in an ascending channel pattern, which has now led to tests of 5.9458, the recent high, and then guided a wave south towards the bottom trend-line at 9.8912. The pair is bound from the upside by the weekly and monthly R2, meaning that it will have to build up some more prominent momentum to dash through to the upper trend-line of the pattern around 5.9719. Intermediate levels, such as 5.9367 and 5.9589 will mess with the motion, and the aforementioned high of 5.9458 will also have to be violated.
© Dukascopy Bank SA

Actual Topics

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.