EUR/CAD 1H Chart: Double Top

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The peaks of the double top pattern formed by EUR/CAD are sitting near a five-year high, adding to chances that a sharp appreciation started in mid-December will soon come to an end as the pair may appear not strong enough to sustain this rally. However, the single currency is not rushing to lose ground versus the Canadian Dollar; the currency couple indeed commenced a decline after the second stab to the five-year high but after a dive under its 50-hour SMA, the currency couple paused its depreciation and seems to have postponed a plunge below the neck-line that would signal a long-term weakness of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Jan 2014 11:59:33 GMT

CAD/CHF 4H Chart: Channel Down

CAD/CHF long since has been trading in a down-trend, namely since August of 2012. However, we would rather focus on the last 300 four-hour candles that form a bearish channel. Accordingly, it is likely that the Canadian Dollar will continue to move lower in the long-term perspective.Still, we should be wary of the probable upward corrections that are to be

Thu, 16 Jan 2014 07:54:08 GMT

GBP/NZD 1H Chart: Channel Down

After a rally in very beginning of January, the British Pound lost its spree and started to depreciate versus the New Zealand Dollar. The drop has been developing within the channel down pattern that originated at a two-year high of 2.0315. Currently the pair is vacillating between its 200- and 50-hour SMAs, with its short-term SMAs acting as a strong support

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.