USD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The USD/CHF continues to trade exactly as forecasted by the Dukascopy Analytics team. Meanwhile, the recent developments have pressed for a review of the pair.

After the second rebound against the dominant channel down pattern's lower trend line the currency pair has reached the upper trend line of the junior channel down pattern. In accordance with the technical theory the pair is set to break the resistance of the monthly PP and the trend line at the 0.96 mark. 

Afterwards the rate should be slowed down by the 200-period SMA, as it surges up to the monthly R2 at 0.6993 and the 50.00% Fibonacci retracement level above the 0.97 mark.

Actual Topics

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.