AUD/CHF 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
At the end of the last year AUD/CHF refused to follow the bearish tendency, which originated back in the spring of 2013. A month later the currency pair tried to recover, but eventually the bullish momentum subsided, leaving us with a symmetrical triangle.
A similar formation was developing between last year's August and November and in the end it did not manage to change the trend—the market stayed bearish. Accordingly, the current pattern is also likely to entail a sell-off once the support at 0.7831 is breached. This course of events is also implied by the technical indicators—most of them are giving ‘sell' signals at the moment.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 13 Mar 2014 12:58:16 GMT

CAD/JPY 1H Chart: Channel Down

The rally seen early March has proven to be unsustainable. After CAD/JPY topped out just above 94, it came under strong and persistent selling pressure, as a result of which the currency pair has already given up two figures and may still decline even more.The downside risks are especially explicit in the near-term, being that the loonie is presently trading

Thu, 13 Mar 2014 07:22:31 GMT

USD/RUB 4H Chart: Channel Up

In the second part of February when tensions between Russia and western powers started to escalate amid confrontation in Ukraine, a sharp appreciation of the U.S. Dollar against the Russian Ruble started and helped the pair to form a channel up pattern, within which it is vacillating at the moment. The tunnel is relatively steep and has recently sent the

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.