NZD/CAD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As NZD/CAD has recently proven to be unable to sustain a rally above 0.93, the bears took control of the market. As a result, the currency pair has formed a channel down pattern, which implies further weakness of the Kiwi against its Canadian counterpart in the coming weeks. But NZD/CAD is likely to move lower not only in the long run, but also in the short term, being that it is approaching the down-trend resistance line at 0.9050, and most of the four-hour and daily technical indicators are pointing downwards. Meanwhile, the traders appear to be undecided, since 49% of open positions are long and 51% are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 12 Sep 2014 13:17:04 GMT

EUR/SGD 1H Chart: Triangle

Since Tuesday the trading range of EUR/SGD has been narrowing, which has lead to emergence of a symmetrical triangle. But today the pair has already broken out of the pattern to the downside, providing us with a good sell opportunity, especially if the Euro retraces back to the up-trend at 1.6330 before resuming the decline, which in the end may

Fri, 12 Sep 2014 08:29:10 GMT

NZD/USD 1H Chart: Falling Wedge

At the beginning of the week the pair failed to consolidate above the major level at 0.83 and fell below this level, meanwhile forming the falling wedge pattern. Currently, the pair is testing the upper trend-line that is slightly below the 0.82 level; although, to our mind a continuation of the pattern is still possible. The hourly and daily

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.