EUR/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There are many studies suggesting the Euro is going to keep appreciating versus the Swiss Franc. The currency pair is forming a high-quality ascending channel. At the same time, the bullish outlook is reinforced by the technical indicators in all three relevant timeframes.

However, in addition to being significantly overbought (70% of positions are long), the single currency is approaching an important supply zone at 1.0940/35, which consists of the weekly R2, and even more importantly, of the July highs. As long as this resistance is intact, long positions are risky, but a close above 1.0940/35 will imply an extension of the current recovery by 75 pips, up to the June 23 high at 1.1015.
© Dukascopy Bank SA
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Wed, 10 Aug 2016 07:08:48 GMT

AUD/CHF 1H Chart: Channel Up

Similarly to the situation in EUR/CHF, there is also a multitude of studies in favour of a weaker Swissie, including the six-day bullish channel and technical indicators. And just like in AUD/CHF, this currency pair is facing a major obstacle as well. Resistance at 0.7550 has been keeping the bulls at bay since the end of the previous year, and

Tue, 09 Aug 2016 12:03:03 GMT

GBP/NZD 4H Chart: Falling Wedge

The Pound is in a falling wedge pattern against the New Zealand Dollar, as the currency exchange rate moves near the pattern's lower trend line, testing the support line. The lower trend line is also supported by the weekly S1 at 1.8122. As the currency pair will move northwards to the pattern's upper trend line, it will face a resistance

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