EUR/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The emerging channel is the result of a reaction to the test of the lower bound of the corridor forming in the higher time frame. Accordingly, while there is likely to be a short-term sell-off from 1.1130 down to 1.11, there is a good chance that during this week the Euro will be able to appreciate to 1.1180-1.1190 francs. The bullish outlook is reinforced by the positioning of the SWFX traders—at the moment, 60% of open positions are short. However, should the bears push the price away from the May 20 high under the green trend-line, the focus will shift to the weekly pivot point at 1.1090. An additional demand area is at 1.1080, where the 200-hour SMA is strengthened by the daily S2.
© Dukascopy Bank SA
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Mon, 23 May 2016 07:37:12 GMT

EUR/USD 4H Chart: Channel Down

The bias towards the Euro is negative, but only in the near term. EUR/USD is expected to bounce off of the upper edge of the channel at 1.1250 and then head towards a cluster of supports between 1.1150 and 1.1115 dollars. The centrepiece of this demand area is the seven-month rising trend-line, which is reinforced by the March 24 low,

Fri, 20 May 2016 14:28:04 GMT

USD/DKK 1H Chart: Channel Up

Expectations for the US Dollar against another Scandinavian currency are similarly bullish. Even though the Danish Krone is getting stronger at the moment, this upside correction will likely become a short-lived one. Indeed, the one-hour technical indicators are giving the signals to sell USD/DKK, while in the future they tend to turn more bullish on the matter. Here, a recovery

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