CHF/JPY 4H Chart: Expected Rebound

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

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

The Swiss Franc rebounded against the lower trend line of the most dominant pattern last week against the Japanese Yen, when the pair was last reviewed. Since then the surge has continued as expected. 

Although, recently the pair declined in a very small scale pattern, which was broken after the pair rebounded against the 115.00 mark. As a result of these moves an ascending channel pattern can be marked. The channel is aimed at the resistance line of the most dominant pattern, which has the form of a triangle. 

In general, if the pair passes the monthly PP at the 115.40 mark, it should surge up to the 115.60 mark, which is the lowest level, where the pair channel up would meet the triangle's resistance.

Actual Topics

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.