GBP/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 69 bars the pair has been moving parallel to pattern's support, and even though there have been few attempts to break the key level. Moreover, the pair is supported by a 200-bar SMA at 1.6290, so even in case of a breakout, it would be extremely difficult to push the pair lower. Thus, the pair is likely to continue channelling upwards. This idea is supported by technical indicators on a 4H chart. In this case, long traders could first of all focus on 1.6542– a recent high (which was higher than the previous one). The 100% magnitude, means that even relatively low hikes of volatility could lead to significant returns.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 23 Sep 2013 14:12:17 GMT

CAD/JPY 1H Chart: Double Top

A 400-bar long double top was formed by CAD/JPY on late August. According to the tools of technical analysis we might suggest the following scenario: first, a move in pattern's support direction, as the majority of technical indicators on short and medium terms are pointing at depreciation. However, in a longer period we could expect the continuation of the uptrend,

Mon, 23 Sep 2013 13:17:32 GMT

EUR/CAD 1D Chart: Channel Up

 Pair has been appreciating for quite some time and emergence of a Channel Up pattern was expected.  At the moment the pair is trading slightly below the mid point between the pattern's support and resistance. It seems that minor sell off in the past few days was caused by the 61.8% retracement of the 23rd of August to 6th of

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.