USD/CAD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The U.S. Dollar has gained inspiration to advance against its Canadian counterpart in mid-October after it hit a one-month low. Since then, the pair has been advancing, vacillating between two gradually converging upward-sloping lines.
At the moment, USD/CAD seems not to lose its spree after unsuccessful attempt to break through the upper limit of the rising wedge pattern as the currency couple ventured to jump above the pattern boundary for the second time. If the breakout proves to be real, the U.S. Dollar is likely to soar against the Canadian currency before long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 31 Oct 2013 07:35:04 GMT

EUR/GBP 1H Chart: Rising Wedge

The single currency was resilient to recent slew of mixed data and continued its climb against the British Pound. On October 17, the currency pair started formation of the rising wedge pattern that took the pair to a two-month high reached on October 29. However, the jump proved to be too arduous for the Euro and the Eurozone currency came

Thu, 31 Oct 2013 07:13:03 GMT

AUD/NZD 4H Chart: Channel Up

AUD/NZD was gradually depreciating between March and September. In the end of September strong selling pressure that prevented the pair from climbing ebbed and the currency couple managed to pare previous losses by forming a channel up pattern. AUD/NZD has touched the pattern boundaries for four times already, boosting the magnitude to 81%. Currently, the pair is trading slightly above

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.