CHF/JPY 1D Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
JPY has been losing value against most of the major counterparties for quite some time now. In the cross with the Swiss franc we can see  that  the pair is moving rather nicely, thus the above average, 61%, result of quality reading. For the same reason, magnitude reading is below the average, thus the main part of the returns for the traders should come from orderly move towards the pattern's resistance. Technical indicators suggest that pair should move along the pattern's support in the short term, but start moving to wards the pattern's support in the medium and long term. 

© Dukascopy Bank SA
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Mon, 08 Jul 2013 14:29:30 GMT

EUR/NZD 1H Chart: Channel Down

Euro-kiwi has formed a formidable Channel Down pattern. Both pattern's key statistics, quality and magnitude are well above the average reading. As a consequence traders could expect significant returns from the pairs  movement towards the pattern's support and momentum if/when the pattern's support or resistance is breached. Technical indicators point at further depreciation of the pair in the short and medium

Mon, 08 Jul 2013 08:29:36 GMT

EUR/CAD 1H Chart: Channel Down

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