GBP/CAD 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The fact that GBP/CAD is currently forming a falling wedge pattern makes a strong case for a rally. The market has been bullish since the end of November, but resistance, now the Feb high at 1.9556, triggered a prolonged downward correction. Another argument in favour of a recovery is the technical indicators. While on the shorter time-frames they are by and large pointing south, most of the weekly studies are giving ‘buy' signals. Accordingly, if the resistance trend-line at 1.8865 is violated, the currency pair will be in a good position to re-test the previous month's maximum. Meanwhile, a downside break-out will imply a sell-off to the monthly S2 at 1.8418.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Mar 2015 15:16:19 GMT

USD/TRY 4H Chart: Channel Up

There are good reasons to be long the US Dollar both in the near and long run. USD/TRY has formed a high-quality bullish channel, and at the moment it is trading next to the support line. The demand between 2.58 and 2.56, reinforced by the monthly R1 and Mar 18 low, should be more than enough to prevent a dip

Fri, 20 Mar 2015 08:06:14 GMT

NZD/CAD 1H Chart: Ascending Triangle

Considering the current situation, a rally through the resistance level at 0.9450 appears to be more likely than a decline beneath the up-trend at 0.9430. NZD/CAD has formed an ascending triangle, which indicates that the bullish pressure is building up. In case of the more probable scenario, the weekly R1 will be the first target, followed by the Mar 4

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.