USD/CHF 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The bias towards USD/CHF is strongly negative. The main argument is currency pair's proximity to the upper bound of an eight-month descending channel. This is further reinforced by the rising wedge, a pattern that suggests an impending sell-off. Moreover, the US Dollar is heavily overbought—73.5% of open positions are long. The price is thus expected to bounce off of major resistance at 0.99 and set course towards 0.93. One of the main supports in this case will be a combination of the long-term moving average and the monthly PP at 0.9744/29. Alternatively, should 0.99 give in, the first bullish target will be a cluster of resistances at 0.9970/50, followed by the March high at 1.0090.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Jul 2016 06:14:04 GMT

USD/CAD 1D Chart: Ascending Triangle

Considering the pattern emerging in the daily chart of USD/CHF, demand for the Greenback is building up, and the pair is ready to negate some of the earlier 2016 losses. The other studies, however, suggest a different scenario. According to the latest SWFX data, as many a 74% of traders are already long the US Dollar. At the same time,

Mon, 18 Jul 2016 12:32:06 GMT

EUR/SEK 4H Chart: Broadening Ascending Wedge

The common European currency is in a rising wedge pattern against the Swedish Krona. At the moment, the currency exchange rate is moving upwards, as it bounced off and confirmed for the second time the pattern's lower trend line on July 14. On its way upward, the pair is set to struggle with a cluster of resistance made up of

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.