USD/CHF 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
US Dollar has been outperforming the Swiss currency for most of the second part of the year. However, starting from late October a period of consolidation began that resulted in a formation of triangle pattern. The USD/CHF cross is falling closer to the daily and monthly PP that remain a strong supports. We think that they will hold the par's bears and later push the Greenback higher relative to the Swiss Franc. The pair's technical studies are strongly bullish, as they are pointed to the north in all time frames. Moreover, the marker participants are also more convinced that the pair is likely to climb, as 54.44% of them have opened long positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 01 Dec 2014 14:42:05 GMT

NZD/CAD 1H Chart: Broadening Rising Wedge

After reaching the low around 0.8760 on November 25, the NZD/CAD currency pair started gaining value and has already covered more than 200 pips to the upside. At the moment the Kiwi is trying to leave the pattern's support and begin moving in the direction of the upper trend-line. However, this task for the New Zealand's currency seems rather difficult,

Mon, 01 Dec 2014 08:54:29 GMT

GBP/CAD 1H Chart: Broadening Rising Wedge

After finding a support at 1.7543, GBP/CAD received a bullish impetus that pushed the pair into a broadening rising wedge pattern. The pair's target already for some time is the major level at 1.80. Recently the Pound touched the upper trend-line that sent the pair lower. However, around the pattern's support line stands a cluster of supports (100 and 200-period SMA;

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.