CAD/CHF 1H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Loonie is correcting down versus the Swiss currency for a second day in a row on Thursday, but future losses are expected to meet several important supports, which may send CAD/CHF back to the north. Among them, weekly S1 creates the first demand at 0.6946, followed by the weekly S2 and pattern's lower boundary around 0.6850. Judging from 1H and daily technical studies, the pair should continue depreciating in the next 24 hours. Alongside, it seems to be overbought in the SWFX market, as 73% of all positions are long - this is going to support a selloff in the long-term. Meantime, any uptrend will initially meet 100/55-hour SMAs at 0.7035, followed by a bunch of resistances at 0.71.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 14 Jan 2016 14:37:02 GMT

AUD/CHF 4H Chart: Channel Down

Another cross with the Swiss Franc is set to revive in the next few days, unless it gets a confident bearish momentum from several resistances, which will prolong the selloff possibly beyond 0.68. First risks are coming from the monthly S1 and 55-period moving average at 0.7065. Inability to violate them a highly likely to bring the aforementioned bearish scenario

Thu, 14 Jan 2016 08:08:55 GMT

GBP/JPY 1H Chart: Falling Wedge

GBP/JPY has been in a strong down-trend for a while now (since December). However, even though still weak but there is a sign that there soon might be a reversal, being that the pair has formed a well-defined falling wedge. The chance of a rebound is also increased by the fact that the price is close to a major support

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.