CHF/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 1H 4H 1D
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3) Sell Buy Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Swiss Franc is depreciating against the Japanese Yen in a descending channel pattern on a small scale. However, by looking at the larger scale situation of this two safe haven currency pair, it can be observed that the pair might soon surge. The currency exchange rate has encountered the support of a medium scale channel down pattern. Most likely the rate will first bee squeezed in between various clusters of significance, as it can be observed that the rate is set to face two strong resistance clusters. First is located at the 115.00 mark, and the second will reside near the 115.40 level. Meanwhile, the currency pair is being supported from the downside by the 55-hour SMA, which is pushing the rate higher. In addition, take a look at the daily chart, as the 100-day SMA is providing additional support to the Franc against the Yen.

Actual Topics

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.