AUD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is still scant evidence of AUD/CHF trading within the boundaries of the bullish channel, since both trend-lines forming it were respected by the market only on several occasions. However, if the near-term technical indicators turn out to be correct and the currency pair breaches the resistance near 0.7950, there will be a good opportunity for the Aussie to re-test a previous high at 0.8060 and then reach the rising resistance line at 0.81. This would confirm validity of the assumption that AUD/CHF is forming a channel up pattern and is soon going to leave the vicinity of the up-trend support line at 0.7930. Meanwhile, the sentiment is strongly bullish—68% of positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 11 Mar 2014 16:26:19 GMT

NZD/CAD 1H Chart: Channel Up

For the past 70 hours NZD/CAD has been trading in a distinct up-trend, covering in the process 170 pips. However, it seems the rally proved to be unsustainable, as evidenced by a breach of the lower boundary of the channel at 0.9432. Consequently, the kiwi is now set to decline even further, through the daily pivots down to the tough

Tue, 11 Mar 2014 07:57:03 GMT

EUR/USD 1H Chart: Descending Triangle

The most traded currency couple has shaped a descending triangle pattern that despite being relatively short, only 76-bar long, is worth examining now as the pair is unremittingly approaching the apex. EUR/USD is likely to reach this mark on March 12, meaning that the breakout is looming. At the moment, market players are moderately bullish on the pair, with almost

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.