GBP/NZD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following a touch of the lower trend-line at 2.0363 on February 4, the Pound/Kiwi cross decided to rebound; however, pair's momentum was neglected by 55 and 100-hour SMAs. At the same time, the closest support for the cross is provided by another simple moving average, this time the 200-hour one. Even though hourly technical indicators are extremely bearish on pair's perspectives, a decline seems unlikely. A bunch of demand levels around 2.06 (daily S1; weekly PP) is expected to push the Pound upwards. Meanwhile, daily technical studies are strongly bullish at the moment, while 52% of SWFX market participants are holding long positions on the Pound versus the Kiwi.
© Dukascopy Bank SA
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Fri, 06 Feb 2015 14:53:22 GMT

CAD/JPY 4H Chart: Channel Down

Canadian Dollar is developing in a confident up-trend since Friday of last week, as pattern's support used to be strong enough to give the pair the necessary impetus in order to gain value. However, in a short period of time the Loonie will face an important supply zone represented by the monthly PP, as well as 100-period SMA around 95.75.

Fri, 06 Feb 2015 07:05:21 GMT

EUR/NZD 4H Chart: Channel Up

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