NZD/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The upward correction of NZD/USD in the bearish market took the form of a bullish channel. Looking at the four-hour and daily technical indicators, there is still some momentum left. The pair may well find support near 0.75 and attempt to recover to 0.77.
However, the risks in the longer term are heavily skewed to the downside, as evidenced by the studies on the weekly time-frame and a 18.45% drop in NZD/USD between July and January. Meanwhile, the SWFX market participants appear to be undecided with respect to the New Zealand Dollar, being that the amounts of long and short positions are currently equal.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 27 Feb 2015 05:50:30 GMT

EUR/NZD 4H Chart: Channel Down

As EUR/NZD failed to rally beyond 1.5830 during the first days of February, the currency pair is now headed toward this year's lowest point just beneath 1.48. After a contact with this support the bulls will be expected to push the price back, but the retracement is unlikely to extend further than 1.50, where the multi-week down-trend coincides with the

Thu, 26 Feb 2015 16:19:04 GMT

USD/PLN 4H Chart: Triangle

After forming a symmetrical triangle in a bullish market, USD/PLN is now eroding the upper trend-line. If successful, the pair will confirm its intentions to keep moving north. Once the price closes above 3.70, the next target will be a recent peak at 3.7330. In case this obstacle is overcome as well, we will expect a re-test of the January

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.