CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Canadian Dollar will most probably depreciate against the Swiss Franc in the next 24 hours, but overall outlook remains fairly bullish for this currency pair. Firstly, the cross is heavily oversold, as more than 73% of all open positions are short. In addition, 4H indicators are positive, while daily studies assume neither gains nor losses for CAD. In order to push CAD/CHF toward the pattern's lower edge, the weekly PP and 100-hour SMA will have to be crossed. Additional support is offered by 200-hour SMA at 0.7660. In the long run we expect the Canadian currency to continue growing, while the bulls are going to aim at 0.7750 area, which is safeguarded by weekly R1 and Nov 27 high.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 30 Nov 2015 14:31:09 GMT

USD/JPY 4H Chart: Rectangle

Dollar/Yen cross is at risk of declining in the foreseeable future, after it has formed the rectangle pattern during November. It implies a reversal of the bullish trend, which was in place during the first week of this month. The bulls will inevitably meet a substantial supply after 123.50, which consists of weekly and monthly R2s, Nov 9 and Nov

Mon, 30 Nov 2015 08:20:12 GMT

AUD/USD 1D Chart: Triangle

The situation with AUD/USD is ambiguous at the moment. From one side, the currency pair is forming a symmetrical triangle, which in this case is bearish because we are in a distinct down-trend (since mid-April of 2013), and the weekly and monthly technical indicators are mostly giving ‘sell' signals.On the other hand, the pair has just violated the falling resistance

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.