NZD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The New Zealand Dollar is surging against the Japanese Yen in an ascending channel on the four hour chart. Meanwhile, there seem to be no larger patterns at work. However, by delving deeper into the currency exchange rates history, it can be seen that the pair is highly affected by the Fibonacci retracement levels, which are measured by connecting the 2015 high and low levels. Most recently the currency pair rebounded against a combined support level of the 38.20% Fibonacci retracement level and the ascending channel's lower trend line at 81.02. In addition, the currency pair is oversold, as 70% of open SWFX positions are already short, and that is another hint at an upcoming surge.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 20 Dec 2016 09:51:38 GMT

USD/CNH 4H Chart: Channel Up

The US Dollar continues its surge against the Chinese Yuan simultaneously in two ascending channel patterns. The medium sized pattern is a representation of the rates rebound against the larger pattern's lower trend line. Most recently the currency exchange rate broke through the resistance put up by the weekly pivot point at 6.9439. Due to that fact the rate has

Mon, 19 Dec 2016 14:53:03 GMT

USD/SEK 4H Chart: Channel Up

The US Dollar is simultaneously in three ascending channels against the Swedish Krona. Each one of the channels is steeper than the previous, as all of the minor channels are a representation of some rebound. Most recently the currency exchange rate met with an intersection of two upper trend lines at 9.4337 and bounced off of the resistance level. The

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.