USD/CHF 4H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Greenback has just neared the upper boundary of the broadening rising wedge figure and is currently testing this important level. At the moment it is strengthened by a considerable resistance line, represented by the monthly R2 at 0.9856. If the pair eventually manages to cross this level, we expect it to jump up to the monthly R3/weekly R1 at 0.9945/70. This scenario is right now assumed by the moderate majority of SWFX market participants, are they are holding long positions on the US dollar versus the Swiss franc in 53% of all cases. Meanwhile, four-hour and daily technical indicators are giving neutral signals, while weekly ones predict the pair to advance.
© Dukascopy Bank SA

Actual Topics

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.