GBP/CAD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The pair has been in a clear uptrend since the 1st of August, but has been slowing down since the 2nd of October. The pairs trading range has narrowed from 340 pips then to 110 pips in the recent days. Despite this distinctive move prior to the pattern's beginning Fibonacci retracements does not seem to have any impact on the pair. Currently the pair is trading 45 bars till the pairs apex, which is located at 1.659 on 9 GMT, 15th of October. This gives enough space neither for bulls or the bears feel any pressure. This is rather well illustrated by the short and medium term technicals. Quite a few individual indicators in the long horizon give neutral outlook as well.

© Dukascopy Bank SA
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Fri, 11 Oct 2013 13:49:45 GMT

XAU/USD 4H Chart: Channel Down

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Fri, 11 Oct 2013 11:52:42 GMT

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