EUR/CAD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Neutral Neutral
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

After the high volatility experienced in the previous two weeks, the EUR/CAD currency pair's technical charts need to be completely redrawn. One can observe that the pair has revealed a massive scale ascending channel pattern, the lower trend line of which caused the recent rebounds. 

Meanwhile, most recently the pair has struggled against the upper trend line of a junior pattern, which has been strengthened by other various resistance levels in the range from 1.4750 to 1.4600. 

However, the cluster has large free ranges above and below it, which means that one needs to wait and act, when the pair breaks free from the cluster.

Actual Topics

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.