NZD/USD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the beginning of February NZD/USD appears to have been forming a bullish channel. And while in the short run the currency pair is likely to preserve the momentum and move upwards, the medium-term outlook is bearish, given that the price is approaching the upper edge of the pattern. Once the Kiwi touches 0.9046, it will be expected to turn around and head towards a cluster of supports at 0.8513 (monthly S1, up-trend and 200-day SMA). In the meantime, neither the technical indicators, which are mostly mixed, nor the SWFX sentiment, which is strongly bearish (72% of positions are short), support the idea of long-term appreciation of the New Zealand Dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 14 Jul 2014 12:32:10 GMT

EUR/SGD 4 Chart: Channel Down

After being bullish for five months, EUR/SGD turned around a few steps away from 1.77 in March, and since then the currency pair has been trading in a distinct down-trend. And as at the beginning of this month the Euro confirmed the falling resistance line, which was reinforced by the 200-period SMA, the pattern implies extension of the current sell-off

Mon, 14 Jul 2014 07:15:35 GMT

EUR/USD 1H Chart: Triangle

The most traded currency pair has been narrowing down its trading range since early July, being locked inside a symmetric triangle pattern. Currently, the pair seems to be on the verge of a breakout, considering that the apex of the 104-bar long formation will be attained later in the day. Taking into account the fact the pair is now vacillating only

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.