USD/CHF 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A two-month decline performed by USD/CHF ended late March when the pair entered a bullish channel, within which it is trading at the moment. The formation has average quality and magnitude and is about 195-bar long. According to the SWFX numbers, more than 57% of market participants bet on further appreciation of the pair that means the instrument is likely to prolong the pattern. Additional stimulus may come from disposition of the SMAs, with the short-term SMA being on the verge of jumping above the long one. Moreover, technical indicators are sending ‘buy' signals for short and lone terms.
© Dukascopy Bank SA
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Thu, 03 Apr 2014 06:49:54 GMT

AUD/JPY 1H Chart: Double Top

Another double top pattern formed by the Australian Dollar cross is worth examining today. The trajectory of AUD/JPY is very similar to AUD/USD moves we described earlier-the Australian Dollar started to gain versus the Yen in mid-March and then peaked at a one-year high of 96.06 early April. Now the pair is on the brink of falling beneath the 50-hour

Wed, 02 Apr 2014 12:47:19 GMT

AUD/CHF 1H Chart: Ascending Broadening Wedge

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