USD/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been developing in the ranks of a Channel Up pattern rather well. After the recent rebound from the pattern's boundaries (pattern's resistance) on the 5th of July pair was stuck around 200-bar SMA for some time, but pair continued depreciating and at the moment is trading just slightly above the pattern's support. As short term technicals send aggregate "sell" signal it is likely that pair will dip below it. However, the Stochastic indicator in the middle term and technical indicators on aggregate in the long term send "buy" signal suggesting that the pattern's bullish trend should persist.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 24 Jul 2013 12:21:49 GMT

AUD/JPY 4H Chart: Double Bottom

Pair is posing for a rather significant recovery. That is the main assumption behind the Double Bottom pattern—pair tries to reach new low, fails to do so and gradually returns to the previous trading levels (approx. 1000 pips higher than current trading levels). Short term technicals point at a further recovery of the pair. However, long term technicals and pair's

Wed, 24 Jul 2013 07:31:05 GMT

HKD/JPY 1H Chart: Channel Down

The situation in HKD/JPY is in many ways similar to the one currently observed in USD/JPY, where the pair has formed a channel down pattern as well. Even the signals of the technical indicators are exactly the same (slightly bearish), and this is understandable, since the Hong Kong Dollar is pegged to its United States counterpart.However, there is a critical

Subscribe to "Fundamental Analysis" feed

Souscrire
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.