EUR/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The single currency has been gradually appreciating against the Swiss Franc, fluctuating in a corridor formed by two parallel upward sloping lines that represent a channel up pattern started on November 13. The pattern is relatively short, 60-bar-long, but the pair seems to have enough strength to continue climbing thus extending the pattern. Market players also support this view, placing long orders in 65.10% of cases. At the same time, technical indicators point to a short-term weakness and appreciation in the medium term.
© Dukascopy Bank SA
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Mon, 18 Nov 2013 07:16:46 GMT

AUD/CAD 1H Chart: Channel Down

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Mon, 18 Nov 2013 07:16:23 GMT

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