AUD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 336-bar long channel down pattern formed by AUD/CHF was started in the second part of October. The pair once attempted to breach the lower limit of the pattern but bearish pressure appeared to be not strong enough to allow the breakout to happen.
Now the currency pair is trading near the resistance at 0.7875 (daily R1) that is not far away from a three-year low of 0.7726 hit on January 24. If the pair manages to overcome this resistance it may try to rally to the next hindrance at 0.7922 (daily R2) that if surpassed will push 50-bar SMA at 0.7948 to the fore.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 28 Jan 2014 12:12:37 GMT

AUD/SGD 4H Chart: Channel Down

Although in October of 2013 the 200-period SMA proved to be a reliable support and helped a bullish correction, eventually it gave in to the currency pair's general downward trend. Since then AUD/SGD has been fluctuating between two falling lines, thereby forming a bearish channel. Accordingly, the bias towards the Aussie is negative, especially considering that the price has recently

Tue, 28 Jan 2014 07:02:12 GMT

EUR/CAD 4H Chart: Channel Up

A sharp rally performed by EUR/CAD is likely to remain restricted by the limits of the tunnel within which the pair has been vacillating since January 6. At the moment of writing, the currency couple was retreating from a four-year high of 1.5270; however, a slump may be halted in the foreseeable future given that 71.43% of traders are bullish

Subscribe to "Fundamental Analysis" feed

Souscrire
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.