EUR/CAD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Ascending/ descending are always are posing a good opportunity to make big profits in a short period of time, while this exact trade pattern is exactly one of them. At the moment of writing the pair was rapidly approaching the upper trend line, meaning in case of a breakout higher prices will come. Even though, 62% of opened positions are short, all the majority of technical indicators on several time frames are sending "buy" signal, supporting the case of a further increase. In this case, the first stop for the long traders is located around 1.40– a strong psychological level and a weekly resistance as well.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Sep 2013 13:37:12 GMT

GBP/USD 1H Chart: Channel Up

A 211-bar long channel up was formed by GBP/USD on a hourly chart on t the second day of August. While to some extend the pair may look overbought already, and some traders would expect a consolidation period, as 70% of all positions are short, aggregate technical indicators are univocally pointing at continuation of the uptrend. However, bulls are

Fri, 27 Sep 2013 13:37:23 GMT

NZD/CAD 4H Chart: Channel Up

Kiwi-loonie cross has been appreciating since the August. We could easily attribute as a recovery after a fall from 0.878, in the middle of April, to 0.795, in the middle of June. Despite such premise, Fibonacci retracements seems to have no impact on the pair anymore, even if it had any in the first place. At the moment it is

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.