NZD/CAD 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
We have already discussed this trade pattern earlier this week, however, it is getting even more attractive, as price is moving closer to the apex. The pair is still trading in boundaries of the pattern, the range, however, is constantly narrowing, and trading volumes are decreasing, meaning a breakout is inevitable. Statistically, the breakout is upward 54% of the time, hence, it is hard to project in which direction the breakout will occur. Traders, believe the pair will head to the south, as 70% of opened positions are short. Moreover, technicals on a 4H chart are bearish. Indicators on a weekly chart are suggesting the penetration of the support line can be only a throwback.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Apr 2014 06:51:29 GMT

EUR/CAD 1H Chart: Rising Wedge

After a two-week retreat from a five-year high of 1.5584, the Euro changed its trend against the Canadian Dollar and entered a 191-bar long rising wedge pattern. At the moment, the instrument is stuck in its 50-hour SMA at 1.5254; however, this SMA is not likely to withstand selling pressure for a long time as over 70% of market players at

Fri, 25 Apr 2014 12:50:19 GMT

EUR/CHF 4H Chart: Channel Down

The EUR/CHF is moving closer to the 1.20-mark, which will trigger immediate action from the SNB. Still, the pair has a potential to depreciate, and according to the channel down pattern, the trend is bearish. While market sentiment is strongly bullish (70%), technical indicators on a variety of timeframes are pointing into the opposite direction. Nonetheless, the outlook for the

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.