CHF/SGD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
© Dukascopy Bank SA
The pair started to form a bearish channel, after it failed to touch the 1.41 mark and currently it is hovering around the monthly S1 at 1.3510. As the pair is trading more or less between the pattern's support and resistance it is clear that the down-trend will be in effect for some time. And even though an overwhelming majority of the SWFX traders are bullish on the pair, namely 70.09%, the 1.35 level ahead will be a substantial obstacle. However, the technical studies are more to the downside, mixing the overall outlook. Nonetheless, if the pair manages to breach the 1.35 mark then it might prolong its short-term gains.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 12 Sep 2014 13:06:04 GMT

NZD/CAD 4H Chart: Channel Down

As NZD/CAD has recently proven to be unable to sustain a rally above 0.93, the bears took control of the market. As a result, the currency pair has formed a channel down pattern, which implies further weakness of the Kiwi against its Canadian counterpart in the coming weeks. But NZD/CAD is likely to move lower not only in the long run,

Fri, 12 Sep 2014 08:29:10 GMT

NZD/USD 1H Chart: Falling Wedge

At the beginning of the week the pair failed to consolidate above the major level at 0.83 and fell below this level, meanwhile forming the falling wedge pattern. Currently, the pair is testing the upper trend-line that is slightly below the 0.82 level; although, to our mind a continuation of the pattern is still possible. The hourly and daily

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.