CHF/JPY 1D Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is a high-quality and high-magnitude symmetrical triangle forming on the daily chart of CHF/JPY. Initiation of the pattern dates back to the first part of November, when the currency soared after approaching the 200-day SMA. However, as it subsequently proved to be unable to ascend beyond 119.19, every consecutive peak was lower than the previous one. Still, this weakness is likely to be only temporary, as the triangle assumes continuation of the general trend, namely further appreciation of the Swiss Franc. Moreover, being that most of the weekly and monthly technical indicators are currently bullish, hardens the case of a soon break-out to the upside.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 21 Apr 2014 14:20:03 GMT

AUD/USD 4H Chart: Channel Up

Only after AUD/USD hit a rock bottom at 0.8660 late January the currency pair commenced a long-awaited recovery. As a result, there is a bullish channel emerging on the four-hour chart.However, in the near term the Australian Dollar is likely to depreciate relative to its U.S. counterpart, as the Aussie has recently confirmed the upper trend-line and it is currently

Mon, 21 Apr 2014 07:25:03 GMT

USD/TRY 1H Chart: Channel Up

The present situation in USD/TRY is reminiscent of the one currently being observed in USD/ZAR, where the currency pair is also forming an upward-sloping channel starting from Apr 10.Considering that USD/TRY is currently trading near the lower rising trend-line, the U.S. Dollar is expected to appreciate versus the Turkish Lira in the short run. However, the technical indicators at the

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.