EUR/NZD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/NZD shaped a wide channel up pattern that started in mid-November and now is 355-bar long. While being locked between two parallel upward sloping lines, the pair managed to attain almost a three-month high that provoked a sharp decline to the pattern's support; at the moment, the pair struggles to recover losses but it still trades not far away from the lower boundary of the pattern. However, we may observe an advance in the hours to come given that 50-hour SMA has surpassed 200-hour SMA, creating a ‘golden cross' that may give the pair an impulse for a climb.
© Dukascopy Bank SA
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Fri, 06 Dec 2013 07:18:22 GMT

CAD/JPY 1H Chart: Channel Down

Having touched a 10-week high in the very beginning of December, the Canadian Dollar commenced a decline versus the Japanese Yen. The pair was mostly bearish during almost 85 hours but now it seems to have regained strength as CAD/JPY has recently breached the pattern's resistance and surpassed its 50-hour SMA; this move may be signs of a breakout.

Fri, 06 Dec 2013 07:17:45 GMT

EUR/SEK 1H Chart: Channel Down

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