GBP/CAD 1H Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/CAD entered a ranging market following a slip from November highs at 1.7092. The pair has been approaching the bottom trend-line of the pattern in general, suggesting that the downtrend will be extended and the 1.6672 bottom boundary could be broken in the nearest hours. A slip will be contained between the broken line and the bottom Bollinger Band at 1.6653 with more risk at 1.6615 further on. Various time-frame SMAs pressure the rate from above, confirming the scenario and suggesting that immediate weakness could extend even as low as 1.6531/30. Upside potential is immediately capped by 1.6698 with a cloud resistance right above that.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 23 Nov 2016 12:04:24 GMT

EUR/RUB 4H Chart: Falling Wedge

The common European currency recently ended trading in a falling wedge against the Russian Ruble, as the wedge's lines closed in one on another and additional support was found. The addition support was provided by the October low level. In the aftermath of the encounter of the October low level the currency exchange rate began to rebound and broke through

Wed, 23 Nov 2016 08:45:24 GMT

CAD/CHF 30M Chart: Channel Up

As markets switched risk off, the Canadian Dollar began its way south, appreciating against the safe haven currency inside a channel up pattern. Following two tests of the bottom trend-line, the pair is now approaching 0.7529/31 which it will need to conclusively break in order to extend the bullish market. The next target inside of the channel lies at 0.7542

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.