EUR/CAD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A jump to a five-year high of 1.5590 in mid-March initiated almost a four-month retreat of EUR/CAD.
Meanwhile, the pair's volatility has been gradually decreasing since the beginning of July as EUR/CAD managed to enter an ascending triangle pattern. However, more notable fluctuations may come back to the picture since EUR/CAD exited the formation several hours earlier and now is sitting below the lower trend-line but slightly above the 200-hour SMA at 1.4540. Technical indicators suggest the pair is capable of a climb before long but may change its trend in a longer perspective.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 10 Jul 2014 06:47:41 GMT

USD/HKD 4H Chart: Descending Triangle

USD/HKD was reluctant to climb after it touched a two-year high of 7.7682 early this year. Since then, the pair has been in the downtrend; however, during the last two months, it managed to slow down the pace of its drop by forming a descending triangle pattern. At the moment, the instrument is trading not far away from

Wed, 09 Jul 2014 12:52:08 GMT

USD/CHF 4H Chart: Channel Down

As USD/CHF failed to sustain a rally beyond 0.90, it was forced to enter a down-trend. The  subsequently formed bearish channel is almost 150 bars long and is likely to remain topical for a while, since the currency pair has just bounced off the upper edge of the pattern and is currently headed towards 0.8840.The bearish scenario is also confirmed

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.