GBP/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite a strong sell-off at the beginning of May that interrupted Sterling's recovery, GBP/CAD returned to trading between the boundaries of the bullish channel. Accordingly, the outlook is positive. The exchange rate is expected to rebound from 1.90 to 1.93 over the next few days. In the longer-term perspective, the currency pair may well rise up to 1.9560, where the monthly R3 merges with the February high. On the other hand, if 1.90 fails to underpin the pair, there is likely to be a dip down to 1.8865 (weekly S1 and monthly R1), but we should not rule out a deeper decline, down to the long-term SMA or monthly PP just above 1.85.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 25 May 2015 06:58:05 GMT

USD/CHF 4H Chart: Channel Down

Considering that USD/CHF has been trading in a well-defined bearish channel since early March, the bias is to the downside. The currency pair is supposed to stay beneath 0.9440, where resistance is implied by the falling line and the 200-period SMA. The first near-term target is the monthly S1 at 0.9142, followed by the May low at 0.9074. As soon

Fri, 22 May 2015 13:47:04 GMT

CHF/JPY 4H Chart: Rectangle

Two days ago we have already discussed the CHF/JPY currency pair, when the cross formed a double bottom pattern. Now, it seems that the pair is intending to grow in price, meaning we are already dealing with the rectangle pattern. The bullish development of the Swiss Franc against the Japanese yen is shared by short and medium-term technical studies. Next

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.