USD/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/CAD continues to recover for a fourth consecutive day this Monday, but the overall pip-measured gain has been limited so far. This is because the long-term expectations remain tilted to the downside due to strong boundaries of the channel down pattern. With 4H and daily technical indicators being bearish, the pair is forecasted to fail at 1.2840 or even below this level. Intermediate and quite dangerous resistance is placed between 1.2745 and 1.2762. Here the short-term daily R1 is boosted by the weekly pivot and 200-hour SMA. Over the course of this trading week, we might observe a slump towards the weekly S1, which is going to act as reliable support near 1.25.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 25 Apr 2016 13:20:04 GMT

AUD/CAD 4H Chart: Channel Down

There are no supports left until 0.97 to provide any boost to the bulls in the days to come. The closest pivot area, namely the weekly and monthly S1s, are located already below the lower edge of the channel. At the same time, it is the first and foremost guarantee that the Aussie will avoid an easy failure here. Although

Mon, 25 Apr 2016 07:45:14 GMT

USD/NOK 1D Chart: Channel Down

USD/NOK has recently rebounded from the lower boundary of the channel it has been trading within since it left the boundaries of the rising wedge at the beginning of February. Nevertheless, the near-term outlook on the pair is bearish, being that there is a falling resistance line at 8.27 preventing further advancement. At the same time, the daily and weekly

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.