CAD/JPY 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After being traded below its 200-bar SMA and above its 50-bar SMA, CAD/JPY lost momentum and dropped under its 50-bar SMA that transformed into a strong resistance preventing upward moves of the currency couple. Now the pair is vacillating above its daily S1 at 92.87 that, if overcome, will trigger a sharp decline to the next support zone at 92.46.
At the same time, market sentiment and technical indicators are sending mixed signals, as 55.56% of traders bet on a fall of the pair, while indicators suggest a possible short-term strength of CAD/JPY.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 30 Aug 2013 06:53:00 GMT

USD/ZAR 1H Chart: Rising Wedge

A rise above the 200-hour SMA on August 13 gave USD/ZAR an impulse to rally to more than a five-year high of 10.5109 touched on August 28. However, the pair came off this high to plunge to the pattern's support that stopped a drop and sent the currency couple near its 50-hour SMA, the level close to which the pair

Fri, 30 Aug 2013 06:52:19 GMT

USD/NOK 1H Chart: Channel Up

Having surpassed its 200-hour SMA, USD/NOK was trading in a narrow corridor formed by two upward-sloping lines. The pair jumped above its 50-hour SMA on Wednesday to trade near the level of 6.0684 (daily PP). In the short-term, the currency couple may decline, as 57.14% of market players hold short positions in the pair. If traders' expectations materialize, the pair

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.