Wypróbuj demo Otwórz konto
Handel
CFD
Binarne
Krypto
Bankowość
B2B
Rynki
O nas
Wypróbuj demo Otwórz konto

GBP/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/CAD is expected to face an increased pressure from the bearish side of the market. This currency pair has just reached the upper boundary of the channel up pattern, meaning the correction has become the base scenario. Key target level of the bears is 1.8320 where the Sterling is estimated to meet the lower edge of the channel. The SWFX market sentiment backs the sell-off, as 72% of all positions are long and GBP is overbought. On the other hand, medium-term technical studies are signalling to the north, thereby raising upside risks. To confirm the positive outlook and break out of the pattern, GBP/CAD should penetrate the daily and weekly R2 resistances placed at 1.8615/30, respectively.
Back to articles

Actual Topics

04 May 2016

EUR/NOK 4H Chart: Channel Down

This cross is also likely to face losses, but within the channel down the likelihood of such a move is much higher. EUR/NOK has already met the 200-period SMA, currently at 9.36, which is boosted by the last weekly resistance of the May 2-6 period. They both are followed by the pattern's upper boundary at 9.3820, meaning at least for

04 May 2016

AUD/JPY 1H Chart: Channel Down

The emerging channel in the hourly chart is a new wave within the bearish channel that has been forming in the daily chart for the last 20 months. In line with this, our near-term outlook on the Aussie is strongly bearish, and during the next several weeks the exchange rate is expected to fall down to 74.50. As for the

04 May 2016

EUR/SGD 1H Chart: Channel Up

EUR/SGD is currently trading within a well-defined channel, after the currency pair rebounded from the 13-month up-trend. The near-term bullish outlook is also supported by the fact that the price is right at the lower boundary of the pattern, meaning it should rally from 1.5550. However, there is a strong counter-argument against longer-term appreciation of the single currency, and this