USD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A two-month decline performed by USD/CHF ended late March when the pair entered a bullish channel, within which it is trading at the moment. The formation has average quality and magnitude and is about 195-bar long. According to the SWFX numbers, more than 57% of market participants bet on further appreciation of the pair that means the instrument is likely to prolong the pattern. Additional stimulus may come from disposition of the SMAs, with the short-term SMA being on the verge of jumping above the long one. Moreover, technical indicators are sending ‘buy' signals for short and lone terms.
© Dukascopy Bank SA
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Thu, 03 Apr 2014 06:49:54 GMT

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Wed, 02 Apr 2014 12:47:19 GMT

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