CAD/CHF 1H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Judging by the recent behaviour of CAD/CHF, namely during the last 55 hours, the currency pair started to trade in a down-trend after breaching the support represented by the 200-hour SMA. The negative bias is shared by the near-term technical indicators, though the current signals are somewhat weak and are bullish for a daily time-frame. As for the SWFX traders' sentiment, 57% of market participants are holding long positions.
If the price is to appreciate, it will face strong resistances at 0.9100 and 0.9139. An alternative, bearish, scenario implies a test of the falling trend-line at 0.9009.

© Dukascopy Bank SA
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Wed, 17 Jul 2013 05:52:38 GMT

AUD/JPY 1H Chart: Channel Down

Similarly to CAD/CHF, this pair has violated the 200-hour SMA while forming the channel down as well. Still, AUD/JPY does not seem to be in a hurry to decline, fluctuating lately (30 bars) within a narrow corridor between the long-term moving average at 91.51 and the upper edge of the pattern at 91.72. Being that the pair is in the

Tue, 16 Jul 2013 13:45:48 GMT

USD/JPY 1H Chart: Channel Up

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