CAD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The distinct upside trend was observable on the CAD/JPY four-hour chart since early November. The currency pair performed a rise within a tunnel of two upward sloping parallel lines-in the boundaries of the 238-bar long channel up pattern.
After a recent stab to a seven-month high, the pair came under a heavy selling pressure and dived below its 50-bar SMA; however, the Canadian Dollar is likely to halt its decline against the Japanese Yen before long as 78.26% of market participants are bullish on the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 07 Jan 2014 11:56:29 GMT

AUD/JPY 4H Chart: Ascending Triangle

If we consider the last 115 candlesticks on the four-hour chart of AUD/JPY, there is a strong case of the ascending triangle emerging at the moment. From the upside fluctuations of the price are limited by the formidable horizontal resistance level at 94.00, which proved to be relevant already in September. From beneath AUD/JPY is underpinned by the rising support

Tue, 07 Jan 2014 06:53:17 GMT

EUR/GBP 1H Chart: Double Bottom

A rise to a one-month high of 0.8466 incited an accelerating depreciation of the single currency against the British Pound that was paused only after the pair reached a one-month low of 0.8270 on January 2. In fact, this low is a part of the double bottom pattern that was shaped on December 30 and now is 95-bar long. At

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.