USD/CHF 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The U.S. Dollar has been depreciating vis-à-vis the Swiss Franc for already a month and, using the last 360 bars, we may construct a channel down on an hourly chart with decent levels of quality and magnitude.
Taking into account that USD/CHF is moving away from the lower edge of the formation, i.e. is undergoing a bullish correction, the 200-hour SMA is unlikely to delay the current rally for a prolonged period of time, the target for the near term is the upper boundary of the pattern at 0.9323 (reinforced by the daily R2), where a strong sell-off down to 0.9160 is expected to commence.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 13 Aug 2013 07:35:34 GMT

EUR/HKD 1H Chart: Channel Up

Similarly to USD/CHF, the most recent 360 trading hours of EUR/HKD are forming a pattern, although a channel up in this case. Consequently, the Euro has a higher chance of appreciating relative to the Hong Kong Dollar than moving in a different direction. The current position of the currency pair only adds to the bullishness, since the spot has recently

Tue, 13 Aug 2013 07:35:13 GMT

EUR/NZD 1H Chart: Channel Down

Although the single European currency has been losing value relative to the New Zealand Dollar already since Aug 5, we consider the breach of the 200-hour SMA as the beginning of the channel down pattern, when the currency pair started trading in a more orderly way, namely between two downward-sloping trend-lines. Being that just recently EUR/NZD has tested the upper

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.