AUD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Aussie has mostly appreciating versus other major currencies since the beginning of the year, adding more pressure on the RBA. The AUD/CHF cross has even formed a 312-bar long channel up on the 4H chart. On Wednesday the pair has performed a 120-pip rally to the downside, with the price penetrating weekly S1 at 0.8201. The next target will be hard to breach without any strong bearish bias, as just slightly above 0.81-mark there is a bunch of support level, including daily S2-S3, recent low as well as 200-period SMA. Furthermore, market sentiment is bullish (71%), while aggregate technical indicators on a 4H chart are sending ‘buy' signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 24 Apr 2014 06:42:58 GMT

GBP/USD 1H Chart: Double Top

Since late March, the British Pound has been rallying against the U.S. Dollar. The long-lasting climb took the pair to a five-year high of 1.6843 in the second part of April; this high now acts as one of the peaks of the 125-bar long double top pattern that has been being formed during the rise. Now GBP/USD is sitting slightly

Wed, 23 Apr 2014 11:47:39 GMT

EUR/USD 1H Chart: Descending Triangle

The most trade currency pair has formed a descending triangle pattern on the 1H chart on April 4. It means that as soon as the price hits the apex point, the pair will be highly volatile. It is also important to wait for a confirmation from the trading volume. On Wednesday bulls already made an attempt to penetrate the upper

Wed, 23 Apr 2014 11:36:30 GMT

USD/DKK 4H Chart: Ascending Triangle

During the first days of April USD/DKK was explicitly bearish, giving up in total more than nine figures. However, due to a tough support level at 5.3691 (Apr 11 low) and a tough resistance level at 5.4157 (Apr 15 high) the currency pair was able to form an ascending triangle. But at the moment the U.S. Dollar is eroding the

Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.