GBP/CHF 4H: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
A Descending Triangle pattern formed by GBP/CHF on the April 17 is moving closer to its apex, as both trend lines will converge on July 15, therefore some significant movement can be expected. Even though technical indicators on aggregate are not univocal and sending mixed signals and market sentiment is just slightly bullish (59%), the pair can be very profitable in case of a breakout in any direction.
The pair is trading only 40 pips lower than a very strong resistance level at 1.447, and the fact the Descending Triangles are breaking downward in 64% of all cases are adding to signs the price will continue moving in pattern's boundaries for some time.
© Dukascopy
Back to articles

Actual Topics

Fri, 28 Jun 2013 06:03:09 GMT

USD/SGD 1H Chart: Channel Up

Although USD/SGD has been trading in this bullish channel for 270 hours, right now it is threatening to breach the lower boundary of the pattern at 1.2648 last tested on Jun 19; the 200-period SMA has already been violated. Additional tough supports in case of more bearishness are to be found at 1.2619 and 1.2567.In the meantime, 4H and daily

Thu, 27 Jun 2013 14:29:37 GMT

EUR/NZD 4H: Double Top

A rare Double Top pattern was formed by EUR/NZD more than 2 months ago. At the moment of writing the pair was trading at 1.666, level represented by a 23.80% Fibonacci Retracement.As the market sentiment is slightly bearish and aggregate technical indicators on 4H chart are sending "sell" signals, a movement to the support line can be expected. In case

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.