EUR/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro-Swiss Franc cross has been moving in a downtrend for more than a month, however, recently a pair moved straight to pattern's resistance line, suggesting bulls are determined to penetrate this level, meaning an end to the downtrend. At the moment of writing 70% of all opened positions were long, while short term technical also sending "buy" signals, adding to signs bulls will be able to push the pair up to the upper trend line. Nevertheless, aggregate technical indicators on medium and long terms are sending either "sell" or "neutral" signals. Moreover, we should keep in mind a 1.20 ceiling imposed by the SNB 2 years ago.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 13 Aug 2013 12:57:33 GMT

CHF/SGD 4H Chart: Double Top

After touching 1.3289 on July 16, CHF/SGD has been moving only to the north, however, during the last 70 bars the pair was moving sideways. As the market sentiment is not clearly marked, the pair is likely to be driven by technical indicators. Therefore, we might suggest a possible scenario– first a move to the support line, and possibly

Tue, 13 Aug 2013 07:35:42 GMT

EUR/JPY 1H Chart: Double Bottom

During the period from Aug 2 to Aug 8 EUR/JPY, while being in a strong down-trend, covered four figures, but was unable to continue the decline beyond 128.33. Three days later the currency pair re-tested this support, but again unsuccessfully, which in turn led to formation of the double bottom pattern.Right now the pair is probing the neckline at 129.69,

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.