CHF/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 134-bar long rising wedge pattern was formed by CHF/JPY. Currently, the trading range is narrowing rapidly, and the pair now moves in a 50 pips range. The fact, that aggregate technical indicators on 1H and 4H charts are sending "buy" signals, is adding to signs that soon a penetration of the upper trend line will occur, making the pair attractive for trade. In case of an upside breakout, further appreciation of the Swiss Franc against the Japanese Yen is expected. However, a recent false breakout of the support line, is suggesting the pair may move in pattern's boundaries for some time.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 16 Jul 2013 13:45:33 GMT

XAU/USD 1H Chart: Triangle

Gold-greenback cross has been gradually narrowing its trading range (from 3800 pips on 11th of July to 1100 pips at the moment). As technicals do not give conclusive aggregate readings and the Stochastic indicator in the short term sends sell signal it is highly likely that the pair will remain in the boundaries of the pattern in the nearest future

Tue, 16 Jul 2013 13:43:31 GMT

EUR/NOK 4H Chart: Rectangle

As it was predicted last week, EUR/NOK moved back into Double top pattern's boundaries and even formed a Rectangle pattern. Actually it is a bullish rectangle to be more precise, which is defined by two parallel trend lines which represent support and resistance levels respectively. After an uptrend, the price stops to consolidate for a moment. After the break of

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.