AUD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar is trading in a descending short term channel against the Swiss Franc. However, the pair is about to hit a more dominant pattern's lower trend line and rebound, as simultaneously the currency exchange rate trades also in the borders of an ascending medium term channel. The rate is most likely to rebound soon, as it is already pressured higher by the 100-period simple moving average. In addition, the currency exchange rate is in a massively large scale rising wedge pattern, and this fact supports the forecast of a rebound of the currency exchange rate. Due to these facts combined, it can be assumed that the currency exchange rate is also set to surge in the upcoming months.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 26 Jan 2017 13:00:29 GMT

EUR/AUD 4H Chart: Channel Up

The common European currency recently rebounded against a large scale triangle pattern's lower trend line against the Australian Dollar. Due to that reason an ascending channel pattern has formed. However, this pattern is most likely not going to stick in a longer time frame, as it is too narrow. It is most likely that the currency exchange rate will at

Thu, 26 Jan 2017 08:31:36 GMT

EUR/CHF 1H Chart: Channel Up

EUR/CHF floated inside the bounds of a ascending channel for eight days, setting solid support and resistance lines for the pattern, but nevertheless managed to under step the lower trend-line at 1.0735. The pair has now been stalled by the 200-hour SMA at 1.0729 and has set eyes on the support cluster below at 1.0723/22. We will look for a

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.