CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Recent moves of CAD/CHF represent a downside trend that has led to a formation of the channel down pattern in early December. Despite being trapped by two downward sloping lines, the pair has not strictly obeyed the pattern's boundaries thus weighing on the pattern's quality that is only 54%. At the moment of writing, the pair was rebounding from a one-year low; CAD/CHF was trading slightly above the pattern's resistance but was expected to come back to the pattern's area as 64.71% of market players were betting on depreciation of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 12 Dec 2013 12:34:28 GMT

CAD/JPY 4H Chart: Rising Wedge

Even though CAD/JPY has preserved its upward momentum since mid-October, the trading range during this time period has substantially decreased, namely from 300 pips at the initiation of the recovery, down to 180 pips, judging by the fluctuations within the last few days. Accordingly, we may assume that the currency pair is forming a rising wedge pattern that usually implies a

Thu, 12 Dec 2013 07:50:37 GMT

USD/JPY 1H Chart: Double Top

At the moment, the U.S. Dollar may continue depreciating against the Japanese Yen as the pair has become a subject to a heavy selling pressure after it retreated from a seven-month high that at the same time represents the second peak of a 359-bar long double top pattern. The fact that the 50-hour SMA may fall below the 200-hour

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.