EUR/CHF 1D Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As a result of a January-February sell-off EUR/CHF fell down to 1.21. Because of the demand there the currency pair managed to stabilise and enter a consolidation phase, which for now is capped by a tough resistance area at 1.2254/42, consisting of the Apr 4 high, 200-day SMA and monthly R1, among others. In the meantime, the Euro is closing in on the apex of the pattern, meaning soon there might be a break-out from the pattern. Considering how the triangle was formed, another bearish wave appears to be a more likely scenario, meaning the up-trend support line at 1.2191 is currently in danger. Meanwhile, the technical indicators remain silent on all time-frames.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Jun 2014 14:12:10 GMT

EUR/CAD 4H Chart: Falling Wedge

Following a prolonged rally EUR/CAD encountered a tough resistance area near 1.56 in the mid-March, which forced the currency pair to change its direction. However, there are already signs that the initiated sell-off is gradually subsiding, such as the four-hour technical indicators pointing upwards and the price chart forming a falling wedge—a reversal pattern. Still, the Euro has to break

Mon, 09 Jun 2014 07:58:00 GMT

AUD/SGD 1H Chart: Channel Up

A two-week climb started at a two-month low of 1.1534 hit late May helped AUD/SGD to enter a rising wedge pattern that now is almost 90-bar long. After attaining a one-month high of 1.1724, the pair retreated slightly and now is trading above the 50-hour SMA at 1.1692 that may serve as a prop for a climb. If this comes

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.