CAD/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Canadian Dollar is in a downwards tended pattern against the Japanese Yen, as the currency exchange rate is approaching the pattern's upper trend line, which is located at 78.00. However, the pair has been struggling to break through the resistance put up by the 100-hour SMA at 77.61, as the rate reached it at 4:00 GMT on August 4 and has been moving in correlation with the moving average since then in a movement down. The situation might change soon, as the 55-hour SMA is closing in from the downside at 77.48 and will provide support to the rate. Although, daily aggregate technical indicators forecast a fall for the CAD/JPY pair during today's trading session.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 08 Aug 2016 10:18:03 GMT

EUR/CAD 4H Chart: Channel Up

The common European currency is in an ascending channel pattern against the Canadian Dollar, as the currency exchange rate recently confirmed for the second time the pattern's support line at 1.4485 and rebounded against it. At the moment, the currency exchange rate is in the middle of a support cluster made up of the weekly PP at 1.4606 and 55-period

Fri, 05 Aug 2016 11:06:03 GMT

USD/HKD 1H Chart: Channel Down

The US Dollar is depreciating against the Hong Kong Dollar in a descending channel pattern, as the currency exchange rate at the moment is close to the pattern's lower trend line. In addition, the USD/HKD has reached the support level provided by the weekly S1 at 7.7552. In accordance with the pattern, the rate should move northwards, as the rate

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.