AUD/CHF 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/CHF exited its recent trading range by stepping beneath 0.7414, causing the motion to enter bearish territory and put an end to the ranging market after attacks at May 2015 highs were made in October. The direction is affirmed by the rising wedge on the hourly chart as well, suggesting that a steep bearish motion might follow a break below 0.7450. The previous wave south ended with some stickiness at the bottom boundary of the pattern, suggesting that a breakout might be feasible soon. The bottom boundary is, however strengthened by 100 and 55-hour SMAs, meaning that a crossing to the downside would be a strong SELL signal.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 10 Jan 2017 08:41:02 GMT

EUR/SGD 1H Chart: Channel Up

After posting half-year highs in November, EUR/SGD continued slightly red in a flattish motion towards 0.5022. The daily chart suggests that there is a large-scale channel down pattern guiding the movement and that the current hourly channel up is just serving the purpose of leading the pair to the upper boundary. In case the senior pattern holds, 1.5251 will send

Mon, 09 Jan 2017 12:59:26 GMT

XAG/USD 4H Chart: Channel Up

In the recent weeks Silver has formed an ascending channel pattern. The pattern is a medium sized pattern, which formed as a result of the bullion rebounding against a large scale pattern's lower trend line. The large scale pattern is a descending channel, in which the commodity price has traded since the start of July. In addition, the metal's price

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.