EUR/PLN 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Similar to USD/NOK , the Euro/Zloty cross is generally gaining value, while trading inside the bullish channel pattern. At the same time, this pair is also experiencing a period of correction at the moment, meaning that we are likely to observe a development below 4.13 in the nearest future. Since May 29, the pair has been supported by 55-period SMA, and it is now required to fall below this demand in order to be able to depreciate further. Four-hour and weekly indicators predict that this scenario is going to work, even though daily ones suggest that a short-term rebound is still possible. Meanwhile, short traders (55%) are prevailing over the long ones (45%) at the SWFX market right now.
© Dukascopy Bank SA
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Tue, 02 Jun 2015 14:08:04 GMT

NZD/USD 1H Chart: Channel Down

This working week managed to provide bulls with major impetus, which is pushing the NZD/USD currency pair to the north. Positive performance has been especially noticeable after the midday on Tuesday. In case the pair jumps above the weekly PP at 0.7172, it will encounter the next resistance in face of the upper trend-line of the bearish pattern. Considering neutral

Tue, 02 Jun 2015 09:35:04 GMT

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