GBP/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Our overall outlook on the Sterling is bullish, but in the short term the currency is likely to lose value against the Franc. Over the last 10 days GBP/CHF has formed a high-quality ascending channel; however, at the moment the price is trading right at the upper bound of the pattern, which implies a downward correction. Accordingly, we expect supply between 1.27 and 1.2680 to act as a ceiling, while a close beneath 1.2625 will confirm pair's intentions to visit 1.2534/20 before resuming advancement. In the meantime, SWFX traders seem to be confident in neither scenario, as the sentiment is neutral—55% of positions are long and 45% are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 25 Nov 2016 12:51:04 GMT

AUD/USD 4H Chart: Channel Up

Recently the Australian Dollar has been surging against the US Dollar in an ascending channel pattern. Although most recently the markets have been dictated by the strength of the US economy and subsequently the US Dollar than other currencies, the Aussie recently has scored gains against all other currencies. On a larger scale the pair is also in an ascending

Fri, 25 Nov 2016 07:39:24 GMT

USD/SGD 1H Chart: Channel Up

USD/SGD is in a good spot to rally. The pair has just completed a correction within a 10-day channel, meaning we should see a new bullish wave developing from 1.43. This support is also reinforced by the November 24 low and daily S1. In the meantime, technical indicators in four-hour and daily charts and the fact that the pair remains

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.