EUR/PLN 1H Chart: Symmetrical Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The one and a half month surge proved too much for EUR/PLN, leading to a consolidation inside a symmetrical triangle pattern. The pattern could be mature enough to break soon, which would lead it to exit the ranging market and potentially extend the previous surge. The upper boundary is currently strengthened by a Bollinger Band and weekly Pivot Point at 4.4302/12 and a break above this level would likely lead to a retracement, possibly from 4.4343. Further upside risk lies at 4.4428/4440 and then 4.4544 – an area unconquered since July. A surge is supported by a green cloud right below at 4.4259 and elevated by 100 and 55-hour SMAs lying inside of it.
© Dukascopy Bank SA
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Wed, 30 Nov 2016 07:39:40 GMT

EUR/NZD 30M Chart: Channel Down

EUR/NZD stuck to the six-day downtrend it had abandoned for a few hours, and formed a channel down pattern by adding a boundary from the upside. The pair maintained a generally constant scope for its fluctuations, and the channel it follows takes up the bottom part of the Andrew's Pitchfork. We expect a movement north to attempt the upper trend-line

Tue, 29 Nov 2016 08:51:06 GMT

GBP/NZD 30M Chart: Channel Down

GBP/NZD closed the last three days in the red zone and is likely to continue the streak as the channel down shows no hope for a reversal. The pair has recently stuck to the bottom trend-line of the pattern, forming a new trend-line that has made a somewhat perfect wedge and is now working on a conclusive breakout to test

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