AUD/CHF 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Our bias towards AUD/CHF for today is strongly bullish, even though the technical indicators at the moment are mixed. The currency pair has just broken through the neck-line of the double bottom, and by the end of Thursday the price of the Australian Dollar is likely to increase by 70 pips, which is the distance between the neck-line and the Oct 13 low. The target coincides with the daily R3 level, which is currently standing at 0.7039. In case the Aussie preserves bullish momentum after hitting the target, the next objective could be 0.7097, namely the October 12 high. Meanwhile, the sentiment among the SWFX market participants is distinctly positive: 74% of all open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 15 Oct 2015 05:17:03 GMT

CHF/JPY 4H Chart: Channel Up

In the lower time-frames (H1) going long in CHF/JPY might seem to be a good idea, but the H4 chart suggests a decline is more likely. The pair has just encountered an upper boundary of an emerging channel, which is also reinforced by the monthly R1 level. Accordingly, we expect a sell-off from here, especially considering the weekly technical studies.

Wed, 14 Oct 2015 14:46:09 GMT

EUR/SEK 1H Chart: Channel Down

On the face of it the outlook should be bearish, as the currency pair trades within the boundaries of a downward-sloping channel, and the spot price is at the upper boundary of the pattern. However, this is misleading, since EUR/USD is currently facing a support trend-line that connects troughs since August. Consequently, there is a considerably higher chance of a

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.