USD/CAD 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been narrowing trading range since the middle of June  and formed a Triangle pattern. It has a well above the average quality and magnitude ratings which identifies great trading opportunities., both on planned movements and on volatility. At the moment the pair is trading in the last 20% of the pattern's length. As a consequence we should be very aware of the breach of the pattern's boundaries (mostly due to the high magnitude rating which points at increased probability of volatile periods). However, short and medium term technicals give neutral outlook suggesting that bullish breach, as suggested by the long term technical, should occur only after some time.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 Aug 2013 14:53:50 GMT

EUR/CAD 1H Chart: Triple Bottom

Pair is signalling for a major, 300 pip (from current to the prior to the pattern levels), recovery. This is the main preposition by the double/Triple bottom patterns—pair fails to reach ne (relative) low and returns to the previous trading levels. However, the Stochastic indicator, which predicts major turning points, and medium term technicals on aggregate send SELL signal suggesting

Mon, 19 Aug 2013 13:41:06 GMT

USD/PLN 1H Chart: Channel Up

A 174-bar long channel up was formed by greenback– Polish Zloty cross, when the pair dropped from 3.175, level which is just 60 pips below the current market price. The pair is not trading around any of the trend line, however, a 75% magnitude suggests traders can expect some significant returns from the upcoming movements. According to aggregate technical indicators,

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.