AUD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/CHF is currently approaching a key resistance area circa 0.69, created by the monthly PP, long-term SMA and eight-week down-trend. A test of this supply zone may determine whether the currency pair will keep trading between two parallel rising trend-lines or will it break the up-trend at 0.6779, which will be a strong ‘sell' signal. The latter case is supported by the technical indicators, and it is likely to lead to a sell-off down to 0.6550, namely to the August low. At the same time, a close above 0.69 will imply a rally towards the upper boundary of the emerging pattern at 0.7050. In the meantime, the sentiment in the market is distinctly bullish, as 71% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 30 Sep 2015 14:21:05 GMT

USD/PLN 1H Chart: Channel Up

After USD/PLN had established a long-term bullish trend by breaking through the 200-hour SMA, the currency pair started forming an upward-sloping channel. The near-term outlook however, is bearish, being that the price is closing in on the upper edge of the pattern. The rate is expected to turn around near 3.8063 and begin a correction, which should be limited by

Wed, 30 Sep 2015 06:07:04 GMT

AUD/JPY 1H Chart: Double Bottom

At the moment AUD/JPY is recovering from 82.80 and is thus approaching a key resistance area. The level of 85 yen is the neckline of the double bottom pattern, and if the pair manages to gain a foothold above it, the rally will likely extend up to 87.50, namely to the September high. At the same time, a failure to

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.