CAD/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Canadian Dollar has rallied against the Japanese Yen for 237 hours, forming a rising wedge pattern that started on November 17. The pair fell below the lower trend line of the pattern for two times; however, it managed to return to the pattern's boundaries both times. At the moment, the currency couple is vacillating close to the highest level since September 20 and may attempt to jump above this peak to meet the daily resistance sitting at the pattern's upper boundary at 96.53. If overcome, the pair may witness a breakout that may be real this time given that convergence point of the pattern lines is nearing.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 25 Nov 2013 13:08:03 GMT

GBP/CAD 1D Chart: Channel Up

Soon after finding support at 1.5575 GBP/CAD started to consistently outperform the Canadian Dollar, which resulted in the formation of the bullish channel on a daily chart. Despite the narrowness of this pattern (hence the low measure of magnitude—30%), there is a high probability that future behaviour of the currency pair will be to a large extent defined by the

Mon, 25 Nov 2013 07:05:45 GMT

EUR/NOK 1H Chart: Channel Up

Although EUR/NOK has been trapped by two upward sloping lines for more than two months, the pair has been trading within a very wide corridor that allowed EUR/NOK to make large swings during this period. At the moment of writing, the pair came off more than a one-year high and approached the lower boundary of the 415-bar long pattern that

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.