NZD/CAD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The New Zealand Dollar has been continuously outperforming its Canadian counterpart since the beginning of 2009. The kiwi has already appreciated more than 48% during this time, and it looks ready to maintain this direction. NZD/CAD has recently rebounded from the formidable support at 0.88, and it is currently headed towards the upper boundary of the bullish channel at the parity level. There we should expect a downward correction. A strong intermediary resistance is supposed to be at 0.9658, represented by the 2014 high. Meanwhile, the sentiment of the SWFX is strongly negative towards the pair, being that only 32% of open positions are long, 68% are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 28 Jan 2015 14:09:55 GMT

EUR/JPY 1H Chart: Channel Down

The pair has just approached the upper trend-line of bearish pattern, which is expected to be tested for several times before any major future development of the cross takes place. At the moment outlook for the European currency seems to be moderately bearish. At first, the pair is likely to do everything possible to stay inside the boundaries of the

Wed, 28 Jan 2015 07:05:07 GMT

GBP/JPY 4H Chart: Double Bottom

A sell-off from 187 encountered a strong demand level at 176, leading to emergence of two distinct bottoms. Accordingly, there is an increased probability of a pronounced rally, though GBP/JPY must first surpass the Jan 20 high, which is the neck-line of the pattern. If this is the case, the first target will be 182.40, where the monthly S1 level

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.