NZD/USD 1H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Downward-sloping trend-line of the current pattern suggests that the Kiwi is going to lose value in the long term. However, in the short term we expect a rebound to take place, and this idea is supported by technical indicators on 1H and 4H time frames. Moreover, traders are holding bullish positions in 54% of all cases. Recovery above 200-hour SMA at 0.6629 is necessary, in order to reopen the upper boundary for bulls. There we assume that a new round of sell-off will begin, while losses are likely to extend down to the 0.64 area next week. Meantime, long term bearish views are supported by daily technical indicators, while the total volume of trading remains quite low for the moment.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 11 Nov 2015 14:53:05 GMT

CAD/CHF 4H Chart: Channel Up

CAD/CHF has opposite scenario to the one we have just described for the NZD/USD cross. Here we suggest that bears are going to overtake leadership and push the Canadian Dollar downwards during this week and next week. Important support lines to meet are offered by 100-period SMA and monthly PP at 0.7496/72. They are followed by 200-period SMA at 0.7435

Wed, 11 Nov 2015 07:54:06 GMT

AUD/NZD 1H Chart: Channel Down

There is a downward-sloping channel emerging in the hourly chart of AUD/NZD. This implies that near-term rallies are to be capped by the resistance trend-line at 1.0790, while the main target is the lower edge of the pattern at 1.0710. And while the technical indicators also hold a negative bias, we need the rate to breach 1.0730 in order to

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.