CAD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A recent recovery of the Canadian Dollar was immediately stopped by the monthly pivot point and 200-period SMA at 0.7750. Bears gained strength at these levels and the pair started to decline. At the moment CAD/CHF is nearing the weekly and monthly S1 demand zones at 0.7570. In case the Loonie is forced to decline beyond them, the next long-term target will become the monthly S2 at 0.7390, with the intermediate goal at 0.75 (weekly S2). On a daily basis, technical indicators are giving signals to sell this currency pair, even though the weekly ones are mixed. In the meantime, SWFX market participants support the opposite positive case for the cross in 65% of all cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 May 2015 06:51:58 GMT

USD/CHF 4H Chart: Channel Down

There are two conflicting signals emerging at the moment. On one hand, there is a bearish channel developing since March, and it implies a sell-off from 0.95, where the upper boundary of the pattern coincides with the monthly PP and 200-period SMA. On the other, the pair has made two distinct bottoms near 0.91, and this implies a breach of

Mon, 18 May 2015 13:56:04 GMT

GBP/JPY 1H Chart: Double Top

After increasing in value for four consecutive days during the May 7-12 time period, the GBP/JPY currency pair was stopped by the 188.60 mark. As a result of that, the double top pattern was created on the hourly chart. At the moment there is a possibility that this cross will decide to form a third top in the next few

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.