CAD/JPY 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CAD/JPY has formed a 85-bar long channel down pattern, which is likely to be in place for the foreseeable future. During Thursday and Friday bulls made several attempts to penetrate the upper trend line, however, they were not strong enough and the pair is still moving in pattern's boundaries. Moreover, technical indicators on a daily chart are sending "sell" signals, while 4H aggregate technicals are neutral. If we assume the outlook is bearish, then the next key level for short traders is located at 94.544, represented by a recent low and a daily S3. Nonetheless, more than 100 pips left before this level is reached, so the pair has a great potential for further depreciation.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 20 Jan 2014 07:15:25 GMT

EUR/CHF 1H Chart: Triangle

Boundaries of the 345-bar long triangle pattern have been restricting the moves of EUR/CHF since late December. Nevertheless, the pair managed to reach a four-month high in early January. Now the pair is vacillating close to the pattern's support but is likely to recover losses since almost 60% of traders are bullish on the currency pair. If the traders' outlook comes

Fri, 17 Jan 2014 12:54:14 GMT

USD/CHF 4H Chart: Rising Wedge

Due to a strong support zone near 0.88 USD/CHF managed to commence a robust recovery on Dec 27. As a result, the currency pair has covered as many as 330 pips.Nonetheless, there are already several signs that the bullish momentum is weakening and is about to come to an end. The main indicator is the rising wedge pattern that the

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.