USD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/CAD has been gradually advancing since mid-October; however, the pair started to form a channel up pattern only in the very end of the month when the currency couple slowed down the pace of appreciation. At the moment of writing, the pair breached its 200-hour SMA that may give USD/CAD a stimulus for a further climb. According the SWFX data, 56.82% of market participants are bullish on the pair. Technical indicators also point to appreciation of the pair, sending bullish signals for short, medium and long terms.
© Dukascopy Bank SA
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Thu, 21 Nov 2013 07:57:51 GMT

GBP/AUD 1H Chart: Channel Up

A decline to a three-month low on October 23 mollified downside pressure thus helping GBP/AUD to change its direction to the north. Since then, the pair was following a bullish trend and started to shape a channel up pattern in the very end of October. Currently, the pair is trading near a one-month high reached a couple of hours earlier.

Wed, 20 Nov 2013 13:38:04 GMT

AUD/JPY 1H Chart: Channel Up

Because a week ago AUD/JPY found a strong support at 92.31, the currency pair has managed to form an almost 150-bar long channel up pattern on an hourly chart—even the 200-hour SMA has proved to be unable to stop the advancement, only to delay it for a brief moment.Right now AUD/JPY is undergoing a bearish correction, following a confirmation of

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