CAD/CHF 1M Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
While the Canadian Dollar has undergone a lot of depreciation over the last ten years, CAD/CHF has managed to sketch a very solid falling wedge pattern that suggests a bullish breakout, which could happen immediately. The pair is now on a very critical move which will either confirm an additional down wave or let the pair soar outside of the pattern. The upper boundary has been overstepped in theory already, however, due to a possible adjustment of the line, we do not consider the breakout credible just yet. There are several targets appropriate for a retracement, such as 7.7839 and 0.8013, while 0.7339 will cause a hitch in case the pair moves to the downside with an ultimate target around 0.6736, the bottom trend-line.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 30 Jan 2017 11:40:18 GMT

NZD/USD 4H Chart: Channel Up

From a fundamental perspective the surge in the NZD/USD currency exchange rate has been propelled by weakness of the Greenback. However, from a technical point of view, the surge of the currency pair has been long in the making, as the pair is simultaneously trading in two ascending channel patterns. However, the minor pattern is about to become obsolete, as

Mon, 30 Jan 2017 09:26:16 GMT

AUD/NZD 1H Chart: Descending Triangle

AUD/NZD sketched a few different variations of a descending triangle pattern amid its consolidation phase, but has now set a flattish upper trend-line and put it up for tests from below. The alternating nature of the pattern's top part might suggest that a range is being established, meaning that the upper boundary will be broken at 1.0414, and 1.0423 -

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.