EUR/NZD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The latest rally of EUR/NZD appears to be overstretched and unsustainable. First, the currency pair has been trading between two rising but at the same time converging trend-lines. Second, there is no agreement among the technical indicators. There is still a possibility of a rally up to 1.54, but a combination of the up-trend and weekly and monthly R2 levels should be able to stop appreciation of the Euro and initiate a decline. In this case the potential targets will be the May 5 low at 1.47, 200-period SMA at 1.44, Apr 28 low at 1.42, and finally the Apr low at 1.39. Alternatively, if the bulls overcome supply at 1.54, EUR/NZD should aim for 1.58, namely for the Feb high.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 07 May 2015 12:18:04 GMT

CAD/CHF 1H Chart: Channel Down

A sharp downward movement of the Canadian Dollar against the Swiss Franc, which took place during the past two trading days, is likely to be stopped by the pattern's resistance in the nearest future. Still, this currency pair will only reach the lower trend-line in case of a successful penetration of the daily S2 at 0.7518. After approaching the boundary,

Thu, 07 May 2015 06:06:44 GMT

EUR/USD 4H Chart: Channel Up

The outlook on EUR/USD is bullish, being that the currency pair has recently found solid support at 1.05 and has formed an upward-sloping channel. However, at the moment the Euro is facing significant downside risks. In order to confirm its intentions to move farther north, the price must eventually close above 1.15. The initial test of this resistance is likely

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.