CAD/JPY 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The longest part of the slump started at a nine-month high of 99.24 took place when CAD/JPY embarked on a formation of the triangle pattern in early January.
Now the pair is vacillating between its short and long-term SMAs but the picture may change soon as the Canadian Dollar may retreat against the Japanese Yen before long given bearish market sentiment. Hence the pair may fail to consolidate above the 50-hour SMA at 95.13 that in turn may push CAD/JPY to the next support zone around 95.07/4.92.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 22 Jan 2014 06:58:15 GMT

AUD/NZD 1H Chart: Channel Down

Since the very end of October AUD/NZD has been following a marked bearish trend. In the beginning of the year, the pair expedited its drop thus making the downtrend even more lucid and forming a channel down pattern. At the moment, traders have a chance to profit from the pair's moves as AUD/NZD has recently penetrated the pattern's resistance meaning that

Wed, 22 Jan 2014 06:57:47 GMT

EUR/USD 1H Chart: Double Bottom

The most traded currency couple started to shape a double bottom pattern on January 16. Several hours ago, the pair entered the most critical stage of the pattern as it reached the neck-line and if it manages to surpass this formidable resistance, it may enjoy a sharp rally. However, six hours of struggle at this level still have not brought

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.