NZD/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The New Zealand Dollar is at an important moment against the US Dollar. The reasons for that are various. The rate recently reached the lower trend line of a short term ascending channel pattern, which implies an incoming rebound. However, it is more likely that the support line will be passed. That is likely to occur due to the fact that on a medium term the rate is in another ascending channel, and the pair recently reached and bounced off the upper trend line of the pattern, which was strengthened by the 38.20% Fibonacci retracement level. Due to that the rate is set to move even lower.
© Dukascopy Bank SA
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Wed, 11 Jan 2017 09:06:02 GMT

NZD/CAD 1H Chart: Channel Down

October came with a leap above all time highs of 0.9839, but also set the pair up for a downfall, which has recently taken the form of a descending channel pattern. NZD/CAD is currently squeezed in between several levels of significance amid attempts to break above a green Ichimoku cloud resistance area. The ultimate target of the current motion

Tue, 10 Jan 2017 15:01:06 GMT

USD/JPY 4H Chart: Channel Down

On a short term the US Dollar is in a descending channel against the Japanese Yen. However, simultaneously there are two other active channels, which influence the pair's movements and need to be taken into account. Until the end of this week the rate is set to move lower, as it recently bounced off the upper trend line of the

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