NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A retreat to a six-month low of 0.8053 early February provoked a climb of the New Zealand Dollar versus its U.S. counterpart. However, a formation of the bullish tunnel that now is 123-bar long commenced only in the very end of February when the pair increased the pace of its appreciation.
Now NZD/USD is succumbing to a selling pressure that is pushing the pair to the brink of a breakout. In fact, the currency couple is already trading below the lower limit and considering that more than 70% of traders are bearish on the pair, we may expect the bearish breakout to happen before long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 10 Mar 2014 09:49:56 GMT

CAD/JPY 4H Chart: Double Bottom

After hitting a seven-month high of 99.24, CAD/JPY performed a sharp slump to a two-year low of 90.83, then the pair appreciated slightly but shortly after it again was in the down-trend, thus forming a double bottom pattern. Currently the pair is moving down after an unsuccessful attempt to penetrate the neck-line at 93.73, which represents the chief hindrance for

Mon, 10 Mar 2014 09:49:39 GMT

USD/CHF 1H Chart: Channel Down

Since mid-January, the U.S. currency has been losing value against the Swiss Franc and in the second half of February the pair entered a bearish formation-channel down pattern. Being tilted downwards, the currency couple has recently touched a two-year low of 0.8756 that sits on the lower boundary of the tunnel. At the moment, the instrument is again in the down-trend

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.