USD/CAD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Ascending triangles are always providing a great opportunity to make substantial profits in a short period of time. The only thing remains– is to wait until the breakout, and in our case the penetration of any of trend lines will happen not later than September 26. Recently the pair has been highly volatile after Bernanke's comment and then due to stronger-than-expected fundamental data from United States. And even though technicals do not give a clear "buy" or "sell" signal, traders can expect significant movements in the pair as long as the breakout in any direction occurs. However, it seems that bulls are struggling to push the pair above 1.032 for some time.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 26 Sep 2013 07:01:06 GMT

EUR/PLN 1H Chart: Channel Down

EUR/PLN has been on the decline for more than 350 hours already. During this time period the currency pair has been respecting two bearish trend-lines that together form a channel down pattern. However, while the upper boundary of the corridor has been confirmed on several occasions and may be considered as more or less reliable, the lower boundary for now

Wed, 25 Sep 2013 14:17:12 GMT

USD/JPY 4H Chart: Channel Down

A rather short– only 63 bars long channel down was formed by USD/JPY and it seems the tendency will persist. At the moment of writing the pair was changing hands slightly below the 200-bar SMA, and according to the recent performance the pair is experiencing significant difficulties around this level. Hence, if this level is breached, lower prices are expected.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.