CAD/HKD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The CAD/HKD cross failed to breach the 7.12 level at the middle of September, facilitating a formation of bearish channel.
Currently, the pair is hovering around the 100-period SMA at 6.9543, after setting a minor high above the psychological level at 7.0130. The majority of the technical studies are suggesting that the current trend is likely to continue, as 1H and daily ones are pointing to the south. Nonetheless, an overwhelming majority (74.95%) of the market participants think that the pair is oversold. However, we expect that the pair will approach the daily S2 and weekly S1 at 6.9048/09, possibly also the pattern's support, before a bullish short-term move.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 03 Oct 2014 07:58:10 GMT

USD/CAD 4H Chart: Broadening Rising Wedge

After a period of consolidation in August, CAD/HKD found a strong support around the major level at 1.08 on 4th of September. Since the broadening rising wedge pattern has formed the pair has managed to hit the highest level in around six months. Recently, the pair bounced off the weekly and monthly PPs at 1.1083/88 and now there is a possibility

Thu, 02 Oct 2014 12:05:06 GMT

EUR/SGD 4H Chart: Channel Down

The second currency cross with the Euro, namely EUR/SGD, has already been hovering to the south for a considerable period of time. It formed the bearish channel on a four-hour chart in the end of July. Right now it is trading just above the weekly S1 at 1.6094 and has all opportunities to cross this level in the foreseeable future.Short-term

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.