USD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
While in the bigger picture USD/CAD remains within the boundaries of the ascending triangle, more locally it is building a channel up pattern, with the resistance at 1.0356 and the support at 1.0309. Below there is also the 200-hour moving average, a fact that hardens the case for a surge to be extended in the future, even though a majority of the daily studies suggest the currency pair will be a subject to a major sell-off.
SWFX market participants, in the meantime, are mostly betting on appreciation of the U.S. Dollar relative to its Northern rival, being that 73% of them are long and only 27% are short on USD/CAD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Sep 2013 06:45:37 GMT

GBP/AUD 1H Chart: Channel Up

The price chart of GBP/AUD developed within a clear channel up pattern during the last 140 hours. Even the 200-hour SMA proved to be unable to nullify the bullish momentum and allowed the rally to persist.Right now the pair is testing the upper trend-line, meaning that the Sterling might soon start declining. The dip, however, should not extend beyond the

Fri, 27 Sep 2013 06:56:03 GMT

EUR/TRY 1H Chart: Channel Up

EUR/TRY has ben recovering since Sep 19, but has been doing that in a more orderly way throughout the recent 80 hours, right after gaining a foothold above the 200-period SMA. Accordingly, the outlook on this currency pair is rather bullish, also considering the technical indicators on the hourly and four-hour charts.However, some bearish signals are starting to appear as

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.