CAD/JPY 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following the labour market data in Canada, the local currency surged sharply and even was able to confirm the triangle pattern in its cross with the Japanese yen. Statistically, break-outs from such a pattern happen upwards in 70% of the time, meaning that the pair has a high chance to continue moving to the north. The next resistance is located at 101.84 (daily R2); however, the weekly R1 at 102.10 is likely to pose more threats to the currency pair's advance. According to technical studies, we can observe a sort of consolidation the medium-term, but, in general, indicators tend to send mixed signals. Traders, in turn, hold short positions in the majority of all cases at the moment (53%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 07 Nov 2014 14:49:08 GMT

USD/SEK 4H Chart: Channel Up

After nearing the lower boundary of the bullish channel, the US dollar began appreciating versus the Swedish currency. At the moment the pair is constantly approaching the upper trend-line at 7.4851. This level is reinforced by weekly R1 from below; therefore, an easy confirmation of the pattern is not likely to be the case. Keeping in mind mixed signals from

Fri, 07 Nov 2014 09:21:04 GMT

EUR/AUD 1H Chart: Broadening Rising Wedge

After finding a support near the 1.42 level, EUR/AUD started to reverse October's losses by forming a 97—bar long broadening rising wedge pattern. The Euro has managed to recover some of October's losses; although, to our mind it does not seem likely that the common currency will continue to advance for much longer. And there are a couple of reasons for

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.