USD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The American Dollar has been appreciating against its Canadian counterpart since March 4, when the currency pair began trading in the current up-trend. Moreover, just recently the Greenback has bounced off the pattern's resistance; therefore, a pace of pair's growth is likely to increase in the near-term. Technical indicators are bullish on a short-term time-frame, meaning that the currency should hover to the north in the foreseeable future. However, the closest resistance is represented by the weekly R2 at 1.2773, which may keep bulls under pressure. Despite that, 74.50% of SWFX traders believe the pair has all opportunities to continue gaining value.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 13 Mar 2015 15:14:04 GMT

EUR/AUD 4H Chart: Channel Down

While in the long-term the EUR/AUD currency pair is projected to continue depreciating, the near-term outlook tends to be rather positive for the single currency. The Euro has just bounced off the lower trend-line of the bearish pattern and is assumed to appreciate towards the northern boundary of the channel. Technical indicators on a 4H chart are broadly neutral, while

Fri, 13 Mar 2015 07:39:07 GMT

GBP/USD 1H Chart: Channel Down

GBP/USD has been in a distinct down-trend since Feb 26. However, the currency pair is closing in on the 2013 low at 1.4815, which substantially increases the upside risk. If, as a result of the test of this support, the Cable closes above 1.4960, we will expect the Pound to appreciate more. Though there are a couple of tough resistances,

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.