GBP/NZD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The triangle pattern GBP/NZD has been fluctuating within for the past 300 hours has just been breached to the downside. The up-trend support at 1.9225 did not manage to withstand the recent bearish pressure that appeared after the currency pair touched the upper boundary of the formation at 1.9348, thereby leading to a conclusion that the outlook is negative. This idea is shared by a majority of SWFX market participants, 63% of whom are currently holding short positions. The nearest notable supports GBP/NZD is going to encounter are at 1.9146 and 1.9064, these are the daily S1 and S2 levels respectively.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 25 Jul 2013 06:48:05 GMT

CAD/JPY 1H Chart: Channel Up

Although the length of the channel up on an hourly chart of CAD/JPY is merely 50 bars, both trend-lines composing it are consistently respected by the price. This implies that a test of the lower trend-line at 96.99 should result in a robust rebound that will eventually extend up to 98.03, the upper edge of the positively-sloped corridor. While headed

Wed, 24 Jul 2013 13:51:17 GMT

GBP/AUD 4H Chart: Triangle

During the last 80 bars the GBP/AUD currency pair has been trading in a narrow range, and formed a triangle pattern, which is moving to its apex. Both trend lines will converge on July 25, therefore this pair is very attractive and can be highly profitable, as in case of a breakout, the pair will be followed by high volatility.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.