USD/CNH 4H Chart: Ascending Channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar trades simultaneously in two ascending channels against the Chinese Yuan, as the Greenback marks new high levels against the Chinese currency. The smaller channel formed itself before the US presidential election, which did not break any patterns on this exchange rate. The fluctuations in the USD/CNH, on the contrary, revealed the location of the minor ascending channel's lower trend line. In accordance with the patterns the pair is set to soon bounce off the combined resistance of the two channels. However, SWFX market sentiment indicates, that the currency pair is not overbought, as it would be in such a situation. It means that traders should treat this pair with caution and look for additional information in the fundamentals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 16 Nov 2016 07:27:40 GMT

USD/DKK 30M Chart: Double Top

The bullish market might have come to an end for USD/DKK where a double top at 6.9488 appears to be running the trend south. We will look for signals at 6.8897 – the neckline – and a break below will confirm the reversal, while a bounce could lead into a ranging market potentially inside of a rectangle. The pair is

Tue, 15 Nov 2016 13:17:08 GMT

HKD/JPY 4H Chart: Ascending Channel

At first glance the chart for the HKD/JPY currency exchange rate might seem simple. However, there are underwater rocks, which can be seen only on the massive scale charts, by looking at a five year long past. The pair is in the process of forming the second shoulder of a head and shoulders pattern, which has been active for a

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.