AUD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Like in the previous case, the Aussie demonstrated its strength but this time to the Canadian Dollar. The Australian Dollar has been gradually appreciating versus its Canadian peer since the very beginning of April when the pair entered a bullish formation, channel up pattern.
Currently, the pair is trading near a 10-day high of 1.0272 and given that over two-thirds of all orders are placed to buy the pair, AUD/CAD is likely to re-approach this peak in the nearest future. Technical indicators are neutral for the short and medium terms but bolster traders' view in the longer perspective.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 10 Apr 2014 06:19:24 GMT

USD/SGD 1H Chart: Channel Down

A jump to a two-month high of 1.2794 in the second part of March marked the beginning of the long-lasting downswing that sent USD/SGD to a seven-month low of 1.2453 hit on April 10. Being a subject to a heavy selling pressure, the pair did not surprise anybody by forming a bearish tunnel, within which it is sitting at the

Thu, 10 Apr 2014 06:19:16 GMT

AUD/JPY 4H Chart: Channel Up

The spring turned to be a time of a new beginning for AUD/JPY that reversed its trend early March and since then has been unremittingly moving higher. The climb has been developing within the limits of the bullish tunnel and now is around 152-bar long. At the moment, AUD/JPY is sitting at the 50-bar SMA at 95.75 and is likely 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.