GBP/CAD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Being unable to sustain a rally beyond 1.95, GBP/CAD turned around, and now there is a bearish channel emerging on the daily chart. During the next few weeks the currency pair is expected to move away from the upper boundary of the pattern at 1.85 (reinforced by the weekly and monthly PP) down to 1.78, where it is supposed to meet the lower trend-line. However, the monthly technical indicators are pointing upwards, and if the price closes above the recent highs at 1.86, the Sterling will be in a good position to recover up to the February peak. Meanwhile, the sentiment of the SWFX market is moderately bullish, as 59% of all open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 04 May 2015 06:50:03 GMT

EUR/PLN 1H Chart: Channel Up

The outlook on EUR/PLN is bullish, since the currency pair is currently forming an upward-sloping channel. Moreover, the four-hour technical indicators are mostly giving ‘buy' signals. The Euro is well-positioned to rebound from the up-trend at 4.06 and challenge the upper edge of the pattern at 4.10. The next resistance level is at 4.12, represented by the weekly R1 and

Fri, 01 May 2015 13:17:04 GMT

EUR/TRY 4H Chart: Channel Up

In its pair with the Turkish Lira, the single European currency is approaching the upper boundary of the bullish channel, which is under the a considerable risk of being crossed as soon as the next week. At first, there are no formidable resistances in order to stop bulls from pushing the Euro upwards. The closest monthly pivot point is located

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.