CHF/JPY 30M Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CHF/JPY is well-positioned to advance further north from the current trading levels. In addition to the ubiquitously bullish technical indicators, the currency pair has formed an ascending triangle, a pattern that foreshadows a rally. If resistance at 106.50 is broken, we will expect a rally of about 180 pips (height of the triangle), which means that the target is going to be the weekly R3 at 108.30. In the meantime, the dips are to be limited by the support trend-line at 106 yen. The imbalance between the buyers and sellers has decreased importance for such a low time frame, but even the distribution between the bulls (42%) and bears (58%) favours appreciation of the Swiss Franc against the Yen.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 14 Jul 2016 06:48:04 GMT

AUD/USD 1H Chart: Channel Up

The Australian Dollar is set to strengthen relative to its US counterpart. Not only is AUD/USD forming a bullish channel in the hourly chart, but also in the four-hour and daily charts as well. The price is thus expected to confirm support at 76 cents and surpass Tuesday's high. Our short-term target is the upper boundary of the emerging channel

Wed, 13 Jul 2016 11:26:04 GMT

CAD/JPY 1D Chart: Channel Down

The Canadian Dollar is depreciating against the Japanese Yen in a channel down pattern on the daily chart since April. Both pattern's lines have been confirmed twice during the last three month period. The currency exchange rate, at the moment, is moving ascending at 80.30 towards the upper pattern's trend line at 81.45, which is strengthened by the weekly R2

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.