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17/01/2018 USD/CHF EUR/CHF
17/01/2018
USD/CHF EUR/CHF
USD/CHF 4H Chart: Fully reviewed
As the US Dollar extended its losses against the rest of the currency pairs, the USD/
CHF pair was no exception. Moreover, previously drawn patterns have been
broken. Due to that reason a full review of the currency exchange rate has been
conducted.
First of all the most dominant channel’s support has been moved lower. Secondly a
medium term pattern has been mapped. In addition, the already broken junior
pattern can be observed on the chart.
Regarding the short term future, he pair is set to continue the rebound, which began against the combined support of the dominant and medium
sized patterns.
Indicator 4H 1D 1W MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Buy Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇓ ⇘ ⇒
EUR/CHF 4H Chart: Redrawing after new gains
The common European currency has been in the spotlight recently, as the currency
has reached long unobserved high levels. This event can also be observed on the
EUR/CHF rate’s charts.
During the surge the pair broke previously mapped channels, extending the gains
more than it was expected and pressing for a full review of the pair.
In general the rate has hit a combined resistance of two long term ascending
channel patterns and began a decline.
The decline has taken the form of a narrow channel down pattern, which is set to encounter a lot of support, which means that the fall of the Euro
against the Franc might soon end.
Indicator 4H 1D 1W MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇒ ⇒ ⇒
Disclaimer
Everything in this article, including opinions and figures, is provided for informational purposes only and may not be interpreted as financial advice or solicitation of products. Dukascopy group assume no responsibility for the completeness or the accuracy of any data contained in this article. Financial figures indicated in this article have not been verified by the Dukascopy group. Views, opinions and analyses are those of the author of the article, and are not endorsed by the Dukascopy group. Dukascopy group waive any and all warranties, express or implied, regarding, but without limitation to, warranties of the merchantability or the fitness for a particular purpose, with respect to all
information in this article. Dukascopy group shall under no circumstances be responsible for any direct, indirect, consequential, contingent or any other damages sustained in connection with the use of
this article.
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