USD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is depreciating against the Swiss Franc in a descending channel pattern, as the currency exchange rate recently bounced off the pattern's upper trend line at 0.9838. On its way down to the pattern's lower trend line at 0.9530 the pair is set to meet various support levels, as all of the weekly support lines and the first monthly support are located on the way. The weekly supports are located respectively as they are numbered first at 0.9692, second at 0.9632 and third one at 0.9556. In addition, the monthly S1 is at 0.9573. SWFX trader sentiment also hints at a fall of the pair, as 74% of open positions are long, which clearly indicates at the pair being overbought. However, aggregate technical indicators forecast no change in the rate for the next four hours, during today's trading session and even during this week.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 16 Aug 2016 06:32:07 GMT

CAD/CHF 1H Chart: Channel Up

Despite CAD/CHF forming a bullish channel, a sell-off is a lot more likely than a rally. In addition to the fact that the pair is trading right at the upper boundary of the pattern, which implies a downward correction, the outlook is bearish because of the four-month falling resistance trend-line at 0.7560. Our base case scenario is a dip to

Mon, 15 Aug 2016 13:27:03 GMT

EUR/USD 1H Chart: Channel Up

The common European currency recently confirmed an ascending channel pattern against the US Dollar, as the currency exchange rate is slowly rising next to the pattern's support line, in which it finds support. The pattern's lower trend line is also supported by the 55, 100 and 200-hour simple moving averages respectively at 1.1157, 1.1151 and 1.1137, and the newly formed

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.