GBP/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 146-bar long channel up was formed by GBP/CAD on September 3, and during the last 6 days there were three attempts to break pattern's support, however, bears were not strong enough and the pair bounced back from the lower trend line. Regarding the possible outlook, we can suggest in the nearest future the pair will try to penetrate 1.6534 once again, however, it is unlikely that bears will be able to push it lower than 1.6467, as this level is represented by a 200-bar SMA. From the upside, bulls are likely to face significant problems around 1.67– October 7 high, daily and weekly resistance as well as Bollinger band.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 10 Oct 2013 14:25:25 GMT

EUR/USD 4H Chart: Rising Wedge

Since June single currency has been appreciating versus the greenback and formed a strong uptrend movement. However, after touching an eight-month high of 1.364, the pair inched lower and currently is trading at 1.353. The nomination of Janet Yellen as the next Fed chairman will push the United States Dollar higher, however weaker-than-expected number of jobless claims as well as

Thu, 10 Oct 2013 14:24:50 GMT

USD/JPY 1H Chart: Channel Down

It seems the pair is facing a strong downside pressure around 97.90, as bulls are struggling to break through this level. Moreover, around this level are located sell orders, and as long as traders will sell the pair around pattern's resistance, the level will not be breached. Even though since morning technical indicators on 1H and 4H turned into positive

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.