Vyzkoušet demo Otevřít účet
Obchodování
CFD
Binární opce
Krypto
Bankovnictví
B2B
Zprávy z trhu
O nás
Vyzkoušet demo Otevřít účet

USD/CNH 1H Chart: Downside potential could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇒⇒

[ANNOUNCE] The USD/CNH currency pair has been trading downwards within the falling wedge pattern since the beginning of October. As apparent on the chart, the pair has already reversed south from the upper pattern line. [/ANNOUNCE] 

From a theoretical perspective, it is likely that some downside potential could prevail in the market, as the exchange rate should target the lower pattern line located in the 6.9000/6.9400 area. 

However, this decline might not be immediate, as the currency pair could gain support from the monthly S1 and the Fibonacci 23.60% retracement, located at 6.9952 and 6.9733 respectively. Also, it is unlikely that bulls could prevail, and the pair could exceed the monthly PP at 7.0823.

Back to articles

Actual Topics

28 Nov 2019

AUD/JPY 4H Chart: Trades between SMAs

Indicator4H1D1W MACD(12;26;9)BuySellSell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)SellNeutralNeutral Alligator(13;8;5)BuySellNeutral SAR(0.02;0.2)SellSellBuy Aggregate⇒⇘⇒ [ANNOUNCE]The Australian Dollar has depreciated about 2.12% in value against the Japanese Yen since November 8. However, the currency pair made an upward movement during this week's trading sessions.[/ANNOUNCE]Currently, the exchange rate is trading between the 50-, 100– and 200– period simple moving averages.Technical indicators suggest that the currency exchange rate might edge lower

27 Nov 2019

HKD/JPY 1H Chart: Bulls might prevail

Indicator4H1D1W MACD(12;26;9)SellSellBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralBuyNeutral Alligator(13;8;5)SellSellBuy SAR(0.02;0.2)SellBuySell Aggregate⇘⇒⇒ [ANNOUNCE] The Hong Kong Dollar continued to appreciate against the Japanese Yen within the rising wedge pattern. As apparent on the chart, the HKD/JPY currency pair reversed north from the lower pattern line. [/ANNOUNCE] From a theoretical point of view, it is likely that bulls could prevail in the market, as the exchange rate

27 Nov 2019

BRENT.CMD/USD 4H Chart: Bullish run to continue

Indicator4H1D1W MACD(12;26;9)BuyBuySell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)SellSellSell Alligator(13;8;5)BuyBuySell SAR(0.02;0.2)BuyBuySell Aggregate⇗⇗⇓ [ANNOUNCE]The Brent crude oil prices bounced off the 200– period simple moving average at 60.50 on November 20. As a result, the commodity has appreciated about 5.65% in value during this period.[/ANNOUNCE]All things being equal, the Brent.CMD/USD pair will likely target a resistance cluster formed by the monthly R2 and weekly R1 at