EUR/CHF 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/CHF has met the pattern's upper horizontal trend-line on Tuesday. However, at the moment this currency pair is remaining below this important mark of 1.0845. In case we observe a bounce back in the direction of 200-hour SMA (1.0811), then it is highly likely the cross will try to form a triple bottom pattern in the long run. However, current double bottom is a reversal pattern, which implies an eventual bullish break out. Since the 4H technical studies are pointing upwards, risks are skewed to the north. Moreover, the Euro seems to be oversold in the SWFX market, as six out of ten market traders are holding short open trades. A climb above 1.0845 should pave the way for a rise up to weekly R2 at 1.0885.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 22 Dec 2015 14:35:18 GMT

EUR/SEK 4H Chart: Channel Down

A successful correction is taking place in the four-hour chart for the Euro/Krona currency pair. Last week it bounced off the pattern's upper boundary around 9.38 and since then it has already lost around 14 figures. EUR/SEK managed to overcome several important demands including the monthly pivot point and 200-period SMA. On the bearish side, weekly technical indicators are giving

Tue, 22 Dec 2015 07:58:04 GMT

USD/CAD 4H Chart: Channel Up

After hitting a solid resistance level 1.40 the currency pair has entered a consolidation phase, but the lower boundary of the recently formed channel remains intact. Accordingly, our bias towards the US Dollar is positive, and there should soon be a rebound from the rising support line at 1.3916. Once and if the obstacle at 1.40 is out of the

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.