AUD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Right now AUD/CHF is backing away from 0.7550 it reached yesterday, but our outlook on the pair is strongly bullish. Our positive bias is supported by the fact that the Aussie has recently breached the upper bound of the descending channel that has been forming since the beginning of 2012. In addition, hourly, four-hour and daily indicators are mostly pointing upwards. Once the price falls to 0.7480, the bulls should take over and start a new wave within the emerging pattern. The target will then be a confluence of studies circa 0.76, where the upper bound of the channel merges with the weekly R2 and April high. The counterargument is that the Aussie is overbought—60% of positions are long.
© Dukascopy Bank SA
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Wed, 13 Jul 2016 08:11:04 GMT

EUR/TRY 4H Chart: Channel Down

The currency pair's long-term prospects are cloudy, despite EUR/TRY trading in a clear bearish trend since the beginning of May. Before that the price had broken the 10-month resistance line, and this is a strong ‘buy' signal. At the same time, the Euro has recently closed under the support line, the origin of which dates back to January of 2015,

Tue, 12 Jul 2016 11:25:14 GMT

AUD/USD 1D Chart: Channel Up

The Australian Dollar is in an ascending channel pattern against the US Dollar, as the currency exchange rate has for the second time confirmed the pattern's lower trend line at 0.7177 on May 29. At the moment, the currency exchange rate is moving northwards to the channel's resistance at 0.8021. However, on its way there, the pair is set to

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