AUD/CAD 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the very end of May, the Australian Dollar has been in the up-trend versus its Canadian peer that pushed the pair into a 155-bar long channel up pattern.
For the last 14 hours, the pair has been locked between the 50-hour SMA at 1.0208 and the pattern's support at 1.0199; however, given a positive mood on the SWFX, we may expect the pair to attempt to jump above the lid put by the short-term SMA. According to the SWFX, 68% of market participants are bullish on the par, while only 32% hold the bearish view.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 10 Jun 2014 11:43:03 GMT

EUR/GBP 4H Chart: Channel Down

The single currency has been losing ground versus the Sterling since March 18. Last week's ECB's meeting added to pair's volatility and the pair penetrated the upper trend line. However, later, the pair plunged to this year's low at 0.8064. According to aggregate technical indicators, the pair will stabilize around the current level (0.8072) for some time, as indicators on

Tue, 10 Jun 2014 06:18:57 GMT

USD/JPY 1H Chart: Channel Up

A decline to a three-month low of 100.81 helped the U.S. Dollar to accumulate some strength against the Japanese Yen that resulted in the pair's rally later on. While appreciating, the pair was relatively modest in terms of the amplitude of its moves thus forming a distinct upward sloping corridor. Currently, one of the most traded currency pairs is headed

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.