GBP/CAD 4H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/CAD was gradually appreciating until it touched the highest level since February 2010 on August 23 the mark that sent the pair to the pattern's support at 1.6176. The pair bounced off this important support region and jumped above its 20-bar SMA but failed to remain at this level and dropped to almost the four-hour support at 1.6260 and may continue to decline given that the pair is trading in the double top pattern is To confirm bearish outlook, GBP/CAD has to cross a bunch of four-hour support lines at 1.6260/41 and move to the daily support sitting at 1.6213 that, if overcome, will give the pair an impulse to plunge to the pattern's support at 1.6176.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Sep 2013 07:11:33 GMT

EUR/HKD 1H Chart: Channel Down

While fluctuating between two downward-sloping lines, the pair dropped from 10.4006, a peak reached on August 23 that provoked a dive under 200-hour SMA, to the mark of 10.2171, near which the currency couple is trading now. Such factors as trading in the bearish pattern and expectations of a further decline (100% of market players bet on the depreciation of

Mon, 09 Sep 2013 07:11:09 GMT

USD/DKK 1H Chart: Channel Up

Having surpassed its 200-hour SMA on August 28, the currency couple rallied to the seven-week high of 5.6776; the pair came off this level to move to the south; however, the downside pressure weakened and the pair managed to reverse its direction to reach almost an eight-week high of 5.6928 on September 6. After that, USD/DKK went down and dived

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.