EUR/CAD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The market has been bearish since the second half of March, when EUR/CAD turned around ahead of 1.56. Now there is a downward-sloping channel emerging on the four-hour chart. The currency pair should thus be capped by a cluster of resistances between 1.4600 1.4650 (down-trend, weekly R1, Jul 14 high and 200-period SMA) and instead target the lower boundary of the corridor at 1.4335, which is currently reinforced by the weekly R3 level. However, despite the toughness of the supply area, neither the technical indicators (they are largely mixed), nor the SWFX sentiment (bullish with 62% of positions long) support depreciation of the Euro.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 17 Jul 2014 06:47:36 GMT

EUR/PLN 4H Chart: Falling Wedge

A two-week bounce from a 15-month low of 4.0922 exhausted EUR/PLN potential and the pair was forced to reverse its trend. Now the currency couple is locked inside a gradually converging bearish corridor that is around 95-bar long. In the foreseeable future, the single European currency may face additional losses against the Polish Zloty since the short-term SMA has just

Wed, 16 Jul 2014 12:09:10 GMT

AUD/CHF 4H Chart: Channel Up

Right now the Australian Dollar seems to be in a good position to appreciate relative to the Franc, considering that it is currently trading just above the lower edge of the bullish channel. If the support at 0.8337 stands its ground and does not let the bears to take control of the market, AUD/CHF will be expected to start moving

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.