EUR/NZD 1H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the Christmas date of December 25 the single European currency has been underperforming the New Zealand's dollar. Moreover, the trading range tends to be rising; therefore, the broadening falling wedge pattern was eventually formed by this currency pair. 
Concerning the outlook for this pair's future, we assume the cross is likely to increase in value in the short-term, by reaching the upper boundary of the bearish channel at 1.5174. This idea is supported by 75% of SWFX market participants who are holding long positions on the Euro, as well as near term technical indicators. However, in the long run we see the Kiwi continuing to appreciate versus the Euro.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 Jan 2015 15:12:05 GMT

AUD/USD 4H Chart: Triple Bottom

The AUD/USD currency pair has created a rather rare triple bottom pattern, which in addition has high quality and magnitude levels at above 60%. For the time being the cross is trying to penetrate the upper boundary of the pattern. If successful, we may observe a strong climb of the Australian dollar versus the Greenback. Moreover, such a scenario is

Mon, 19 Jan 2015 13:13:04 GMT

GBP/AUD 1D Chart: Channel Up

At the moment GBP/AUD seems to be well-positioned for gains in the coming weeks. The currency pair has just confirmed the rising support line at 1.838, which is expected to keep guiding the Sterling further north against the Aussie, as it has been doing for the last 100+ days. The demand area is also reinforced by the 200-day SMA, meaning

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.