CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The bullish momentum we have been observing since mid-October is facing some difficulties at the moment. CAD/CHF has recently failed to reach the upper trend-line, and now it is struggling near the weekly R1 level. Even if this resistance is broken, the main obstacle for a long-term recovery will still be present, namely the June high at 0.7651, meaning the downside risks are increased. A breach of the rising trend-line at 0.7547 will expose the monthly PP, which is followed by the 200-hour SMA at 0.75. However, the market seems to be overcrowded with bears, as 73% of positions are short, which implies that the decline will be limited.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Nov 2015 14:12:14 GMT

USD/CAD 4H Chart: Channel Down

By crossing the monthly pivot point and 100-period SMA, the USD/CAD currency pair is putting itself at risk of a sell-off in the nearest future. The nearest support to meet is placed around 80 pips below the spot at 1.30 (weekly S1). However, even more important demand is located at 1.2831 (monthly S1), and a breach of this mark will

Wed, 04 Nov 2015 08:06:43 GMT

GBP/AUD 4H Chart: Channel Up

GBP/AUD is about to test the lower boundary of the channel it has been forming since the first half of October. The base scenario is a rebound from 2.14, where we also have the monthly PP and 200-period SMA. The ensuing rally should pierce through the November 1 high and move towards the upper trend-line.Alternatively, in case demand at 2.14

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.