EUR/CHF 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Statistically, seven out of ten breakouts from ascending triangle patterns take place to the upside, meaning there is a likely reversal of the recent downtrend of the Euro against the Franc. On the bullish side, short and medium-term studies are largely positive on the common currency. Moreover, SWFX market is quite overcrowded with the bears (66%), proclaiming that some buying activity has a high probability to materialise. On the other hand, EUR/CHF may remain under intense bearish pressure from the 200-period SMA at 1.1031, which is offering supply along with the weekly R1 and the red trend-line. The first goal of the bears is monthly PP at 1.1016, followed by demand area sub-1.0990.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 16 Feb 2016 15:00:08 GMT

GBP/AUD 4H Chart: Falling Wedge

At least in the short run the bullish scenario seems quite unlikely for the GBP/AUD currency pair. Last week the bears breached an important support cluster around 2.0360, including the monthly pivot point and several moving averages. Now the pair is already nearing the second weekly support at 2.0074, which is guarding the January low at 2.00. Considering that the

Tue, 16 Feb 2016 07:24:35 GMT

EUR/JPY 1H Chart: Rising Wedge

The bullish correction from 126 yen (2015 low) in the four-hour chart might have to wait. The currency pair is forming a rising wedge, a pattern that implies a sell-off. At the same time, EUR/JPY is approaching a dense supply area at 129, where the daily R3 coincides with the 200-hour moving average and the down-trend formed during the first

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.