CAD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CAD/CHF long since has been trading in a down-trend, namely since August of 2012. However, we would rather focus on the last 300 four-hour candles that form a bearish channel. Accordingly, it is likely that the Canadian Dollar will continue to move lower in the long-term perspective.
Still, we should be wary of the probable upward corrections that are to be initiated by the lower down-trend line. Right now it creates strong support at 0.8168, together with the weekly S1. In the meantime, a rally from there will be halted by the falling resistance line at 0.8459, which at the moment is guarded by the weekly pivot point and the 200-period SMA.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Jan 2014 11:59:44 GMT

EUR/NZD 1H Chart: Channel Up

There is a bullish channel emerging on the hourly chart of EUR/NZD. However, even though it looks as if the currency pair turned around after hitting a strong support level currently represented by the daily S2 level, right now the price is facing the 200-hour SMA, which may not let the rally to develop any further, as was the case

Thu, 16 Jan 2014 07:54:08 GMT

GBP/NZD 1H Chart: Channel Down

After a rally in very beginning of January, the British Pound lost its spree and started to depreciate versus the New Zealand Dollar. The drop has been developing within the channel down pattern that originated at a two-year high of 2.0315. Currently the pair is vacillating between its 200- and 50-hour SMAs, with its short-term SMAs acting as a strong support

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.