USD/MXN 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has already recovered all of the losses that occurred during a sell off on 18-19th of September when it fell from 12.99 to 12.58. Despite some neutrality recently, we expect that the pair will resume movement towards the pattern's support which should be hit at 12.92. Some bullishness (as suggested by the medium term technical) could be expected then as it is packed with technical support level. However, eventual breakout should be bearish. Despite the distinctive short and long term bearish moves prior to the pattern, the effects from Fibonacci retracements  seemed ambiguous and we disregarded it.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 26 Sep 2013 13:08:39 GMT

AUD/CAD 4H Chart: Channel Up

Aussie-loonie cross is recovering after a 3 month slide from 1.072 to 0.917. It is worth mentioning in the very beginning that Fibonacci retracements seems to be having significant effect on the pair at the moment—23.6% retracement most likely cause first rebound from the pattern's resistance and 38.2% is responsible for the second one. At the  moment it is demonstrating

Thu, 26 Sep 2013 07:01:27 GMT

CHF/SGD 1H Chart: Channel Up

Using the 200-hour SMA as a springboard CHF/SGD managed to end the period of sideways movement. Now the currency pair is decisively moving north, overcoming the resistances it meets. The technical indicators on all three relevant time-frames reinforce the positive outlook, suggesting the bullish potential of the Swiss Franc has not yet been fully realised and will drive the rate

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.