EUR/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A sharp November's appreciation came to an end when the pair touched a three-year high on December 18 that became a start of the opposite trend; the currency pair commenced a sell-off, being trapped by two downward sloping lines. Despite the fact the pattern is relatively short, only 69-bar long, it has already erased some of the recent EUR/CAD gains, sending the pair to a three-week low. Furthermore, market players seem to have lost faith in the pair, betting on depreciation in 57.89% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 24 Dec 2013 07:15:15 GMT

EUR/GBP 1H Chart: Rising Wedge

After plunging by more than 100 pips for less than one day time, the downside pressure abated and the Euro managed to rebound against the British Pound. The recovery was developed within the boundaries of the rising wedge pattern started on December 17. Now EUR/GBP is trading below the lower limit of the pattern, albeit slightly, that may signify the

Tue, 24 Dec 2013 07:14:55 GMT

EUR/PLN 1H Chart: Channel Down

Although EUR/PLN lacked a clear direction during several months, it managed to halt its sideways move in early December; the pair commenced a downside trend that led to a formation of the 108-bar long channel down pattern in mid-December. Being bounded by the pattern's trend-lines, the pair has been a subject to a heavy selling pressure that pushed EUR/PLN to

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.