NZD/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/CAD has been bullish since the end of May, and we expect the Kiwi to gain some 2% more before the bears take over. The pair has just confirmed the lower bound of the ascending channel, meaning it should rebound from 0.92. The positive outlook is also implied by the technical indicators. The rally, however, is highly unlikely to be extended beyond 0.9450, where two-and-a-half years old resistance trend-line merges with the upper bound of the pattern and the January 19 high. An additional argument in favour of a stronger New Zealand Dollar is the fact that the currency is oversold despite its recent appreciation. At the moment, as many as 70% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 01 Jul 2016 06:07:17 GMT

EUR/AUD 1H Chart: Channel Down

With the help of the trend-line that was established in the second half of June, EUR/AUD is now forming a descending channel. At the moment, the currency pair is finishing the bearish wave within the pattern, which is likely to end circa 1.48, where demand is implied by the support trend-line together with the daily S1 and the June low.

Thu, 30 Jun 2016 06:17:25 GMT

EUR/JPY 15M Chart: Rising Wedge

Although the current situation in EUR/JPY implies a short-term rally, just like in GBP/USD, the emerging pattern indicates growing downside risks. There is a good chance the Euro will find support circa 113.80 in order to launch a new attack on the red trend-line, but the rising wedge is a bearish pattern, and eventually the green-trend line is likely to

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.