CAD/CHF 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The base scenario for the Canadian currency against the Swiss Franc implies a sell-off to the green trend-line of the bullish pattern at 0.7155. However, on the way down the pair will meet a bunch of support lines that includes the daily pivot point, weekly R1 and 55-hour SMA around 0.72. Below here will expose the lower boundary, along with the 100-hour SMA and daily S1. Judging from the SWFX market sentiment, the cross is overbought, as 67% of all open positions are short. It will support the short scenario in the near-term. However, in the long run we expect CAD/CHF to respect the two upward-sloping trend-lines. Any close above 0.7330 (weekly R2) will put at risk the third weekly supply at 0.7477.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 18 Feb 2016 14:10:12 GMT

AUD/CAD 4H Chart: Falling Wedge

AUD/CAD has been very volatile since the beginning of 2016. Despite that, the pair managed to sustain itself in a downtrend, while in the short-term we see the Aussie even lower. Immediate support is currently being offered by the monthly S1 at 0.9779; however, without any help from below the bearish pressure is unlikely to be contained here. We estimate

Thu, 18 Feb 2016 07:02:38 GMT

NZD/CAD 1H Chart: Channel Down

The bearish channel emerging in the hourly chart might be deceiving, being that the daily chart provides a completely different picture of what is going to happen. NZD/CAD has just arrived at the lower bound of the major bullish channel. Accordingly, while the hourly chart may suggest otherwise, it is in fact more likely that resistance at 0.91 will be

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.