AUD/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Because of a strong demand area near 0.94 the currency pair was able to commence a recovery late December that still remains topical. Accordingly, the outlook is positive for AUD/CAD, but the bulls should be particularly wary of the resistances at 1.01 and 1.025, represented by the 2014 Aug low and 2014 Sep high, respectively. These levels are potential reversal points.
In the near term the Aussie is likely to negate some of the recent gains. The currency has just reached the upper trend-line of the channel, meaning there should be a bearish correction down to the 0.9850/00 region before we seen another up-swing.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 22 Jan 2015 07:14:40 GMT

EUR/GBP 4H Chart: Double Bottom

There is a double bottom emerging near the lower boundary of the bearish channel, as there are two distinct valleys formed with the help of the support at 0.76 (down-trend and monthly S2). Consequently, if the pair closes above the neck-line at 0.77 (Jan 20 high), there is a good chance the rally will extend higher, but at the same

Wed, 21 Jan 2015 15:29:04 GMT

XAU/USD 4H Chart: Channel Up

Following unusually calm year 2014, in January of this year gold began rising in price quite substantially. Since January 1 the XAU/USD cross gained around $100 and the bullish tendency is likely to persist both in the short and medium-term. The present pattern, however, looks more like the rising wedge, being that trading range is getting narrower every day. If

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.