GBP/CAD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Recently GBP/CAD has attempted to breach the lower trend-line of the rising wedge pattern that was commenced on October 25 and now is 287-bar long. The breakout failed due to support pertaining to the 200-bar SMA that is meandering just below the pattern's lower limit and is likely to prevent any future bearish moves that may occur beneath the pattern's boundary. However, now we should be beware of a breakout of the oppose side of the pattern since the pair has captured a five-year high that lies on the pattern's resistance and since over 90% of traders bet on further appreciation of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 08 Jan 2014 07:35:17 GMT

EUR/USD 1H Chart: Channel Down

After a jump to a two-year high of 1.3894 pushed the most traded currency pair lower, EUR/USD shaped a channel down pattern. A flow of upbeat data from the U.S. further exacerbated the selling pressure thus restricting the upside and forcing the pair to prolong the pattern. Now the currency couple is trading close to the upper boundary but it

Wed, 08 Jan 2014 07:34:44 GMT

USD/JPY 4H Chart: Channel Up

The U.S. Dollar has been appreciating versus the Japanese Yen since late October; however, the pair stated to shape a channel up pattern only in early December after it approached a five-month high. Whilst wandering in the corridor, the pair continued to rally, reaching more than a five-year high of 105.43 in early January. This was a toilsome escalation that

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.