EUR/NZD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
In mid-June the rate at which Euro appreciates against the Kiwi slowed down. Nevertheless, the outlook is bullish towards EUR/NZD. The first reason is that the currency pair has recently formed an upward channel. Secondly, the market respects the long-term moving average that acts as support. Thirdly, the daily and weekly technical indicators are mostly pointing upwards. During the next week we expect the price to rise up to 1.69, while a cluster of supports around 1.6454, created by the up-trend, 200-period SMA and weekly S1, must remain intact. The SWFX traders seem to have a different opinion. Right now 67% of them are holding short positions.
© Dukascopy Bank SA
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Fri, 31 Jul 2015 05:36:04 GMT

EUR/GBP 1H Chart: Channel Down

The Euro failed to surpass resistance at 0.7160 on Jul 27, and as a result, we expect the currency pair to visit the Jul 17 low at 0.6936 while trading between two trend-lines. EUR/GBP should soon test the upper boundary of the channel, and from there the exchange rate will be in a good position to launch an attack on

Thu, 30 Jul 2015 14:05:35 GMT

EUR/SGD 1H Chart: Channel Down

The bearish channel in the hourly chart of EUR/SGD is not well-defined, and we require more confirmations of the trend-lines forming it. Still, the bias is negative, and this is reinforced by the near-term technical indicators. Once the 200-hour SMA is broken, the target will be 1.4984, where the weekly pivot point merges with the lower boundary of the channel.

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