NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/USD has been in an uptrend for more than four days, vacillating in a narrow corridor shaped by two upward-sloping lines. Although, on September 4, the currency couple touched a two-week high of 0.7928, it did not manage to consolidate at this level and dropped to the pattern's lower boundary at 0.7858, a stab to which fuelled a rally to the important resistance at 0.7916. The pair is trading close to this zone; however, below this level a bounce is likely to fail, as almost 62% of market players expect the pair to head to the south. Meanwhile, technical indicators are sending mixed signals, predicting a bullish trend in a short-term and bearish in the one-day period.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 06 Sep 2013 07:29:08 GMT

AUD/NZD 1H Chart: Rising Wedge

A rising wedge pattern started on August 12 and lasted until September 5, when AUD/NZD broke through the pattern's support, as a surge to more than two-month high of 1.1660 on September 4 provoked a sharp decline that took the pair below this support. Nevertheless, traders are bullish on the pair, with 67.74% of them betting on an appreciation

Fri, 06 Sep 2013 07:18:13 GMT

EUR/NOK 1H Chart: Channel Down

A rise to the highest level since November 2010 on August 22 was the starting point for a channel down pattern, within which EUR/NOK was retreating until it hit a two-week low of 7.9843 on September 4 that prompted a slight appreciation towards its 200-hour SMA at 8.0423. However, the pair failed to break through its this level and now

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.