EUR/CAD 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
After experiencing a precipitous decline on Nov 20 the currency pair bottomed out at 1.4020 and returned back to the rising resistance line that may be drawn through the peaks staged since the beginning of November. Now this up-trend forms the upper boundary of the bullish channel—it creates strong resistance at 1.4534.
In the meantime, EUR/CAD has also been respecting the upward-sloping line that connects the minima since Nov 25. Accordingly, an extension of the dip beyond the level of 1.4459 is highly unlikely, also considering the presence of the daily pivot point there.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Dec 2013 13:05:08 GMT

CHF/SGD 4H Chart: Channel Up

The bullish channel currently being formed on the four-hour chart is a part of the rally that began to develop on Nov 7. Right now the rate is moving away from the lower edge of the formation at 1.3825, which was also reinforced by the weekly pivot point.The bullish move is expected to pierce through the nearest resistance at 1.3941

Wed, 04 Dec 2013 07:43:05 GMT

USD/CHF 1H Chart: Channel Down

A 133-hour long channel down pattern shaped by USD/CHF started on November 24. Being a subject to noticeable downside pressure, the pair has recently dived to more than a one-month low of 0.9021. However, the decline to this low may have been a positive factor for the pair, as market players expect the currency couple to gain momentum in 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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.