Dukascopy Aggregate Technical Indicator Afternoon

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Source: Dukascopy Bank SA
Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 16:30 GMT.

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Fri, 07 Feb 2014 08:08:10 GMT

USD/CHF 4H Chart: Channel Down

Since mid-January, the U.S. Dollar has been following a pronounced downside trend against the Swiss Franc; the decline has been developing within the bounds of the bearish channel. The pair has been bounded by the tunnel's limits for 356 hours and up to now it has not shown any willingness to break through the pattern trend-lines. At the moment, the pair

Thu, 06 Feb 2014 12:01:11 GMT

NZD/CAD 4H Chart: Channel Down

A 43-bar long channel down was formed by NZD/CAD. After hitting a six-year high at 0.9286 on January 23 the pair refused to move any higher, and it seems the bullish movement is running out of steam as each new high is lower than the previous one. Moreover, traders do not believe this is just a correction, as 71% of

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