USD/CHF 4H Chart: Broadening Rising Wedge

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Greenback has just neared the upper boundary of the broadening rising wedge figure and is currently testing this important level. At the moment it is strengthened by a considerable resistance line, represented by the monthly R2 at 0.9856. If the pair eventually manages to cross this level, we expect it to jump up to the monthly R3/weekly R1 at 0.9945/70. This scenario is right now assumed by the moderate majority of SWFX market participants, are they are holding long positions on the US dollar versus the Swiss franc in 53% of all cases. Meanwhile, four-hour and daily technical indicators are giving neutral signals, while weekly ones predict the pair to advance.
© Dukascopy Bank SA
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Wed, 24 Dec 2014 07:53:14 GMT

NZD/USD 4H Chart: Channel Down

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Tue, 23 Dec 2014 15:10:08 GMT

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