CAD/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
What looked like an ascending channel a few days ago, has now taken the shape of a rising wedge for CAD/JPY. The last few weeks can be characterized by complete balance in supply and demand, just before bears gave in to bulls and the resistance at 86.11 broke. The pair is currently revisiting the broken trend-line and if it denies access to levels underneath, CAD/JPY could execute another wave towards the upper trend-line of the wedge around 86.87, before a break below the pattern is executed. The nearest resistance now lies at 86.45 and will distract the potential movement north. In case the pair dives out of the wedge immediately, it is likely to correct between 85.97 and 85.23.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 Dec 2016 15:22:20 GMT

AUD/NZD 4H Chart: Descending Triangle

Recent movements took the form of a descending triangle for AUD/NZD, suggesting that the one and a half year downtrend might still be in play. The pair has just broken the bottom trend-line of the triangle, and we expect it to fall as low as 1.0226 where the senior downtrend could cut downside potential. What makes us doubt a bearish

Thu, 08 Dec 2016 09:02:14 GMT

GBP/AUD 1H Chart: Channel Down

GBP/AUD took a small step above the two-day channel down pattern, which it had stepped out of for a few hours. The pair has just stepped underneath the bottom Bollinger Band at 1.6861 and has just one more level left at 1.6785 before it reaches the bottom trend-line at 1.6751. This fall should have to come almost vertical in order

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.