GBP/CAD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been in a distinctive uptrend since the beginning August. At the moment it is trading at the highest levels since February, 2010. This adds some psychological pressure on the pair. However, as we can see from the short term technicals it still has propensity to inch up higher. We can see this technical support easing up only later on. In any case, at the moment it is testing pattern's boundaries which should cause some, at least short term, bearishness. In help for a longer term bearishness come the fact that market sentiment is strongly bearish—at the moment 72% of traders hold short positions on the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Sep 2013 13:37:02 GMT

EUR/CAD 1H Chart: Ascending Triangle

Ascending/ descending are always are posing a good opportunity to make big profits in a short period of time, while this exact trade pattern is exactly one of them. At the moment of writing the pair was rapidly approaching the upper trend line, meaning in case of a breakout higher prices will come. Even though, 62% of opened positions are

Fri, 27 Sep 2013 07:18:04 GMT

USD/CAD 1H Chart: Channel Up

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

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.