XAG/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The bearish channel silver is currently trading within is a correctional phase of the recovery from 13.70, which was started in January but took a break after touching 18 dollars in early May. The price of the metal should soon reach a major support area at 15.96/89, where demand is implied by the monthly S1 and a five-month up-trend. Here, the rate is to stabilise and begin a rally that will have a good chance of taking XAG/USD outside the pattern. However, in case support at 15.78/74 is broken, since the bullion is strongly overbought (74% of positions are long), the decline will highly likely extend down to 14.82 dollars, namely the April minimum.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 30 May 2016 07:25:04 GMT

AUD/CHF 1W Chart: Channel Down

The Australian Dollar has been recovering since last year's August, but now the outlook on AUD/CHF is heavily bearish. The currency pair has recently confirmed the upper bound of the four-year descending channel, and this implies a multi-quarter sell-off from 0.76 towards the lower trend-line of the pattern, which is currently at 0.58, but is likely to be tested much

Mon, 30 May 2016 06:12:04 GMT

CAD/CHF 4H Chart: Channel Up

Using the lower bound of the rising wedge in the daily chart CAD/CHF is currently trading in an ascending channel in the four-hour time frame. Accordingly, while we are bullish on the Loonie in the short term, the currency pair is highly likely to violate the green trend-line in the second half of June after bumping into an eight-year down-trend

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.