USD/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
It was expected for a long time, and the Greenback has finally ended its surge against the Canadian Dollar. The currency exchange rate has rebounded against the combined resistance cluster of long term ascending channel patterns. As a result the medium term ascending channel has been broken. However, the most interesting part is the new descending channel, which recently passed the support of the 200-hour SMA. The channel is aimed at the 50.00% Fibonacci retracement level, which is located at the 1.3575 level, and most likely will be reached by the end of the week. Meanwhile, SWFX market sentiment is already close to being considered oversold, as 71% of open positions are short on Tuesday.
  Level  Rationale     Indicator 1H 4H 1D
R4 1.3734 Trend line     MACD (12; 26; 9) Sell Sell Buy
R3 1.3714 100-hour SMA     RSI (14) Neutral Neutral Neutral
R2 1.3703 Trend line     Stochastic (5; 3; 3) Sell Neutral Sell
R1 1.3688/98 55 and 200-hour SMAs; weekly PP     ADX (14) Neutral Neutral Buy
S1 1.3596 Weekly S1     CCI (14) Buy Neutral Neutral
S2 1.3580/75 Trend line; 50.00% Fibo     AROON (14) Buy Buy Buy
S3 1.3539 Weekly S2     Alligator (13; 8; 5) Sell Neutral Buy
S4 1.3527 Monthly PP     SAR (0.02; 0.2) Sell Sell Buy
          Aggregate ↘ → ↗
Back to articles

Actual Topics

Wed, 10 May 2017 09:42:02 GMT

USD/NOK 1H Chart: Broadening Rising Wedge

The USD/NOK pair recently reacquired its bullish momentum after retesting the broadening rising wedge's lower boundary during the weekend. Since then the Buck has been outperforming the Norwegian Krone, paving its way towards the pattern's upper border, which is expected to be reached if not by the end of the week, then in the beginning of the next. There are

Tue, 09 May 2017 13:03:14 GMT

USD/CNH 1H Chart: Channel Up

Recently the US Dollar finished its medium term move in a large scale ascending channel against the Chinese Yuan. As a result of the just described events, a rather short term ascending channel has formed, which represents the currency exchange rate's rebound. It is most likely that the channel up pattern represents the first move in the borders of a

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.