CAD/HKD 4H Chart: Channel Up
CAD/HKD 4H Chart: Channel Up
- The Canadian Dollar is trading against its Asian counterpart simultaneously in a medium-term rising wedge and short-term ascending channel.
- As regards the dominant formation, its lower support line practically coincides with the 55-hour SMA, while the other line represents an upper boundary of the junior pattern.
- As regards the latter, beginning of this week showed the pair is moving rather in a rising wedge than in the channel and this figure is about to be broken.
- However, since the support line of the junior wedge is backed up by the 20-hour SMA, the rate is expected to make a rebound.
- Nevertheless, the surge above the weekly R1 at 6.2639 seems unlikely.
- In other words, this barrier is expected to be a point, from which the pair would receive an impulse strong enough to leave the junior formation.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.