NZD/CAD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/CAD has been trading in a strong up-trend since December 2014, but there are signs the bulls are unable to push the currency pair much higher. Although the four-hour and weekly indicators are pointing north, the upside is likely to be limited by a dense resistance area between 0.9460 and 0.9480, created by the up-trend (since Dec 8), monthly R1, and 2014 Jun and Jul highs. The rising wedge pattern that indicates waning demand has already matured, meaning there should soon be a break-out to the downside, through support at 0.9380. The first target will then be the 200-period SMA at 0.9280, followed by the monthly pivot point at 0.9230 and Feb 3 low at 0.9030.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Feb 2015 08:12:13 GMT

USD/PLN 4H Chart: Triangle

Starting from late January we observed a consolidation as a result of a sharp up-move that was initiated in mid-December. This has eventually led to formation of a symmetrical triangle Considering that the pattern implies continuation of the major trend and the market is distinctly bullish, the currency pair is expected to breach resistance at 3.69 despite its formidability (weekly and

Thu, 19 Feb 2015 14:14:03 GMT

USD/JPY 4H Chart: Broadening Rising Wedge

Two days ago, the US Dollar tried to bounce off the lower trend-line of the current rising wedge pattern, but the currency was eventually stopped by the weekly pivot point. Following that, USD/JPY returned back toward pattern's support, but 100 and 200-period SMAs are expected to provide the pair with some strong bullish momentum in the foreseeable future. Therefore, the

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.