GBP/CHF 1D Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been trading in a 810 pip range since the end of January, 2013. At the moment it is moving towards the pattern's support and at the moment it is trading slightly above the 100 and 200-day SMAs. It seems that weekly PP is putting some pressure on the pair at the moment as well. Pair has been trading in a similar manner since the bounce from the pattern's resistance in the mid September. As a consequence we could  expect something similar (some inching up higher) in the nearest future.  Support for this is given by the Short term stochastic which points at bullishness in the nearest future. 

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Oct 2013 14:23:56 GMT

NZD/CHF 4H Chart: Double Top

A 224-bar long double top with almost maximum percentage of quality and magnitude is moving to its apex, as already on Friday bears pushed the pair below the support line. Nevertheless, since then the pair has been fluctuating around the same level, raising concerns the price may bounce back from the support line, meaning the formation of a rectangle pattern.

Mon, 28 Oct 2013 08:19:04 GMT

USD/TRY 1H Chart: Rising Wedge

A three-week high reached in the last day of September was a starting point of a gradual retreat performed by USD/TRY during two weeks. After that, the downside pressure abated and the pair appreciated slightly, forming a rising wedge pattern. Market players bet on further advance of the pair, being bullish in 86.67% of cases. To confirm this, USD/TRY

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.