CHF/SGD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since Jan 15 the trading range of CHF/SGD has been narrowing, leading to formation of a symmetrical triangle. Taking into account that the pattern was preceded by an upside gap, the likelihood of a bullish break-out is deemed to be higher than a chance of the support trend-line being breached. Once the resistance at 1.5650/00 is broken, the Franc will be expected to keep advancing until the currency meets another important supply level at 1.5950. On the other hand, should the demand at 1.5330 give in earlier, there will be a dense demand area waiting for the pair around 1.51 that may well not let the price reach either the weekly PP or the 200-hour SMA.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 23 Jan 2015 14:17:36 GMT

AUD/CHF 1H Chart: Descending Triangle

An unusually narrow descending triangle pattern has been formed by the AUD/CHF currency pair. Following a considerable surge of the franc back on previous Thursday and uplifted volatility on the market, it seems that this pair is one more time entering the narrow trading zone. As soon as during next couple of hours we expect to observe a violation of

Fri, 23 Jan 2015 07:46:52 GMT

XAU/USD 1H Chart: Channel Up

The precious metal is currently in a strong up-trend, it has already gained more than $100 in price since the beginning of the year. At the moment XAU/USD is consolidating, being unable to pass through 1,306, represented by the weekly R1 and Jan 21 high. Once this resistance is overcome, the bullion will confirm its bullish intentions, setting a new

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.