USD/CHF 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Judging by the last 100 days, it appears that USD/CHF has formed a bearish channel and is therefore likely to decline, especially considering that the currency pair is currently trading near the falling resistance line. Moreover, there are more ‘sell' signals on the weekly and monthly charts than there are ‘buy' signals. However, it is noteworthy that by connecting some of the most notable peaks since May 2013, we would get a down-trend line, which has just been breached to the upside, meaning the outlook may not be as bearish as it may seem at first glance. In any case, for now USD/CHF is expected to remain above 0.9041 and rise up to 0.9120.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 03 Feb 2014 11:55:03 GMT

CHF/SGD 4H Chart: Channel Down

As it turned out, a rally through the 200-period SMA proved to be unsustainable. Since then the Swiss Franc has been underperforming the Singapore Dollar, resulting in emergence of the bearish channel.However, in the near term CHF/SGD may rise, being that the currency pair is trading at the lower boundary of the pattern at 1.4051, which is reinforced by the

Mon, 03 Feb 2014 06:58:35 GMT

USD/NOK 1H Chart: Channel Up

Since January 29, the U.S. Dollar performed a sharp rally against the Norwegian Krone; the advance has been developing within the limits of the 55-bar long tunnel that took the pair to a five-year high of 6.3041 during the last January's session. Despite a mild retreat after a rise to the recent peak, the pair is expected to gather momentum in

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.