USD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/CHF is in a good position to extend last week's recovery. The currency pair has recently formed a high-quality channel and broken through the long-term SMA to the upside, signalling that the US Dollar is likely to keep appreciating against the Franc. Accordingly, the base scenario is a rebound from 0.9770 and a subsequent up-leg towards the weekly R1 and the upper boundary of the pattern at 0.9820. However, there are arguments against the rally—the Greenback is overbought, being that three fourths of positions are long. In case the rising support line fails to trigger strong buying, the price will presumably decline to 0.9750/40, where demand area is implied by the weekly pivot point and the 200-hour SMA.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Mar 2016 09:02:04 GMT

USD/ZAR 1H Chart: Channel Up

Last week it seemed that USD/ZAR was forming a symmetrical triangle after a sharp decline of Mar 16 and 17, which implied continuation of the sell-off. Nevertheless, the rate rebounded from the lower edge of the pattern and breached the triangle to the upside, giving way for a new pattern, as ascending channel. For the time being, however, USD/ZAR is

Fri, 25 Mar 2016 15:08:05 GMT

USD/JPY 4H Chart: Double Bottom

A double bottom that has emerged in the 4H chart for the USD/JPY currency pair is looking pretty much similar to the figure created by the previous cross. However, here the bulls are only getting ready to deal with the 200-period moving average line located just above the 113 level. An immediate failure here is not expected, also given that

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.