EUR/NZD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
This week the Euro has been mostly depreciating against the Kiwi. However, it seems that a decline has stopped in the past 24 hours and the cross is willing to respect the upward-sloping 55-period SMA, currently at 1.6311. In case it happens, the pair will most likely reverse its downward correction just in between the pattern's upper and lower edges. This idea is broadly shared by the majority of daily and weekly technical indicators at the moment. However, 75% of SWFX market participants are short on the Euro and forecast a continuation of the downtrend. Despite that, any bearish movement will inevitably meet a substantial demand around 1.6120 (weekly S1; 100-period SMA).
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 29 Jun 2015 06:51:51 GMT

NZD/USD 4H Chart: Channel Down

NZD/USD still remains in a distinct down-trend after topping out around 0.7750 in April. Accordingly, we consider 0.6562 (2010 low) the multi-week target, but we are likely to get a bullish correction from 0.6725, where the monthly S2 level merges with the lower boundary of the channel.In the meantime, the rallies are to be capped by the monthly S1 at

Fri, 26 Jun 2015 13:32:33 GMT

USD/SEK 1H Chart: Channel Up

USD/SEK currency pair is strongly expected to pick up in the short term. Since yesterday the US Dollar has been hovering just above the lower boundary of the channel up pattern, and now it seems that bulls have gained enough momentum in order to send the American currency in the direction of the upper edge. The closest major resistance is

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.