GBP/NZD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the beginning of August the 200-hour simple moving average has successfully underpinned the currency pair and thereby preserved the bullish outlook. However, each subsequent peak GBP/NZD charted was lower than the previous one, resulting in a triangle being formed on an hourly chart.
The pair is already at the very end of the pattern, meaning the break-out is supposed to occur in the nearest future. Judging by the signals provided by the technical indicators and the assumption that the path of the least resistance is to the upside, a rally is considerably more probable than a dip.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 09 Aug 2013 06:27:40 GMT

EUR/CAD 1H Chart: Channel Up

A little more than 100 bars ago EUR/CAD decoupled from the 200-hour SMA it was trading near for half a month and entered an upward channel within which it is still fluctuating and at the same time consistently respecting the trend-lines.According to the technical studies on 4H and daily charts, the Euro should continue appreciating relative to the Canadian Dollar

Thu, 08 Aug 2013 13:15:00 GMT

USD/SEK 4H Chart: Channel Down

Similar properties to the previous pattern (in the terms of quality and magnitude) are given by the US dollar and Swedish kroon currency pair – quality being slightly above the average whilst magnitude is well above the average. Differently from the EUR/PLN pattern, short and medium term technicals in this case give a rather good indication about the further depreciation

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.