USD/CAD 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 183-bar long channel up pattern formed by USD/CAD started on September 19 when the pair hit almost a three-month low. Since then, the currency couple was on the upside and by the end of October recovered most of its losses, approaching a two-month high. Traders are not univocal on the perspectives of the pair, with the number of short positions being only slightly smaller than the number of the long ones. Technical indicators make the situation less obscure, sending bullish signals for the medium-term.
© Dukascopy Bank SA
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Fri, 08 Nov 2013 13:57:09 GMT

NZD/CHF 4H Chart: Rectangle

After a rally in September, NZD/CHF slowed and began a period of consolidation and trading in a rectangle pattern since August 27. Even though it was a double top pattern initially, bears failed to push the price below pattern's support and currently it is already approaching the upper trend line. Currently the pair is bounded by weekly R1 and R2

Fri, 08 Nov 2013 07:46:40 GMT

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