EUR/CAD 1D Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The symmetrical triangle formation that the EUR/AUD has developed over the last two and a half months has been the consequence of an upward breakout from the half-year triangle. The currency pair failed to follow a traditional scenario, where it would be expected to rally towards the 200-period SMA after a rebound from the significant top trend-line of the broken triangle – and this is an argument against a rally north. However, it is hard to tell, whether the rate will surge or take a plunge. In case of a downward breakout, the pair will dip towards the senior triangle upper line at 1.4405 and can be expected to maintain it as a trend-line on its way south. If an upward breakout takes place, however, the pair should finally succeed in its attempts to reach the 200-period SMA after encountering intermediate hitches around 1.4648. Aggregate technical indicators fall in favour of an uptrend over the short-term, but signal SELL when it comes to weekly and longer term estimates.
Back to articles

Actual Topics

Wed, 31 Aug 2016 08:37:06 GMT

USD/HKD 1D Chart: Descending triangle

Just days ago USD/HKD managed to break the half-year descending triangle, maintaining strong resistance at 7.7532. We expect the pair to rally over the next few months until it reaches the 200-day SMA at 7.7657 encountering intermediate resistance at 7.7602 on its way. The rate has not been successful in its attempt to conclusively leap away from the top trend-line

Tue, 30 Aug 2016 11:35:04 GMT

NZD/CAD 1H Chart: Rectangle

The New Zealand Dollar has formed a rectangle pattern against the Canadian Dollar, as the rate is moving in the middle of the pattern at 0.9433. In the meantime, the currency exchange rate is also in an ascending triangle pattern on the daily chart, and the triangle pattern shows, that the rate is set to have a break out of

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.