NZD/CAD 1H Chart: Falling Wedge

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The falling wedge pattern on an hourly chart pair has been formed in the middle of the previous week. At the moment the pair is moving closer to the upper boundary of the pattern, changing hands around the weekly S1 level at 0.9191. Considering the nature of the pattern, the trading volume is decreasing along with the trading range, while the eventual break-out happens to the upside in 68% of all cases . At the same time, sentiment of the SWFX market is strongly bearish, being that 58.46% of all positions are short right now. We expect the downtrend to continue for the time being, also taking into account the cluster of resistance levels just above the current trading point.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 21 Aug 2014 13:04:28 GMT

USD/PLN 4H Chart: Channel Up

Along with many other Greenback crosses, the current pattern of the USD/PLN currency pair has been initiated in the beginning of July. Since then, the pair has covered almost 180 bars and is currently undergoing the bullish correction around the major level of 3.16. For the pair to continue growing, the next considerable resistance line is located at 3.1631 (weekly

Thu, 21 Aug 2014 08:56:33 GMT

USD/RUB 4H Chart: Channel Up

The U.S. Dollar is on a up-trend since late June; however, the bullish channel formed slightly later, namely on 7th of July. Since the start of the pattern the Greenback has appreciated from 33.80 to 36.40, returning to levels seen on March. Now the currency pair is hovering around the lower trend-line, thus a bullish wave might be anticipated. For

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.