NZD/CAD 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Once the buying pressure that appeared near the 200-period SMA at the beginning of this year settled down, NZD/CAD started to trade within the boundaries of the bullish channel. However, the trend-lines forming it are still unreliable and need more confirmations in order to become accurate estimators of the potential reversal points.
Right now the New Zealand Dollar is moving away from the lower up-trend towards the resistance at 0.9316, from where we may expect emergence of a bearish correction. This is supported by the four-hour technical indicators, as five out of eight are presently giving ‘buy' signals.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 29 Jan 2014 12:41:56 GMT

CAD/JPY 4H Chart: Descending Triangle

This year the Canadian Dollar has been losing value relative to the Japanese Yen, which has eventually led to formation of the descending triangle, being that CAD/JPY remains unable to penetrate the support at 92, which is reinforced by the daily S1 level. However, given that most of the four-hour and daily technical indicators are bearish right now, the break-out

Wed, 29 Jan 2014 07:50:41 GMT

EUR/GBP 1H Chart: Channel Up

A drop to a two-year low of 0.8168 in mid-January helped the Euro to recover some losses against the British Pound. The rise has been developing within the area restricted by limits of the 140-bar long channel up pattern. Now is a good time to make some profits from the pair's moves given that a bearish correction is highly likely. 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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.