CAD/CHF 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Judging by the recent behaviour of CAD/CHF, namely during the last 55 hours, the currency pair started to trade in a down-trend after breaching the support represented by the 200-hour SMA. The negative bias is shared by the near-term technical indicators, though the current signals are somewhat weak and are bullish for a daily time-frame. As for the SWFX traders' sentiment, 57% of market participants are holding long positions.
If the price is to appreciate, it will face strong resistances at 0.9100 and 0.9139. An alternative, bearish, scenario implies a test of the falling trend-line at 0.9009.

© Dukascopy Bank SA
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Wed, 17 Jul 2013 05:52:38 GMT

AUD/JPY 1H Chart: Channel Down

Similarly to CAD/CHF, this pair has violated the 200-hour SMA while forming the channel down as well. Still, AUD/JPY does not seem to be in a hurry to decline, fluctuating lately (30 bars) within a narrow corridor between the long-term moving average at 91.51 and the upper edge of the pattern at 91.72. Being that the pair is in the

Tue, 16 Jul 2013 13:45:48 GMT

USD/JPY 1H Chart: Channel Up

After prolonged loss of value by the Japanese yen it is not unexpected that we are seeing some sort of price correction which in this case comes in form of the Channel Down pattern at hand. Although the pair recently rebounded from the pattern's resistance it is a bit unclear if such trend will persist as medium to long term

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