CAD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For almost two months the Loonie has been appreciating versus the Swiss Franc and it seems that the pair is likely to continue climbing higher in the foreseeable future. On July 14 bears made an attempt to penetrate the lower trade line, which is also represented by a 200-period SMA. However, the attempt was unsuccessful and the pair bounced back. Keeping mind that 74% of traders are holding long positions, and technicals on the weekly chart are sending ‘buy' signals, the outlook is bullish. Therefore, a move above daily R3 and then recent high at 0.8391 will clear the way for a weekly R1 located at 0.8406. At the same time, weekly PP and daily S3 represent key support.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 21 Jul 2014 11:14:48 GMT

EUR/SGD 4H Chart: Channel Down

During the last 130 trading days the Euro index lost 2.34%, with single currency losing ground versus almost all major currencies, including the Singapore Dollar. A 362-bar long channel down is a clear indication of the strong downside movement, while aggregate technical indicators on a 4H and weekly chart are suggesting the pair will continue its movement to the south.

Mon, 21 Jul 2014 08:35:08 GMT

GBP/USD 1D Chart: Channel Up

GBP/USD stabilised near 1.50 in the first half of 2013, following a strong sell-off from 1.63. Ever since the currency pair has been in an up-trend and has covered 21 figures during the last four quarters.For now the overall outlook towards the Sterling is positive, since the boundaries of the channel up are intact. But the technical studies are becoming

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.