NZD/USD 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
In the short run the Kiwi is bearish, as it has just bounced off of resistance line, but in the longer-term perspective we consider the outlook to be positive. NZD/USD is expected to end the current downward correction near 0.67 and then resume the rally the pair started in mid-November. After surpassing the December 15 high the next potential target could be 0.69, namely the October high. On the other hand, in case of a dip through 0.67 the bulls will still have a good opportunity to recuperate around 0.66, being that this support is created by the weekly S1, monthly PP and the long-term moving average. At the same time, the New Zealand Dollar is oversold—62% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 16 Dec 2015 07:34:59 GMT

EUR/JPY 1H Chart: Channel Down

The bearish pattern we have spotted at the end of the previous week continues to develop. Since last Friday EUR/JPY has managed to confirm both trend-lines forming the channel. Consequently, we expect the price to top out at 133.50 and give way for a new bearish wave that could potentially extend down to 132 yen. Alternatively, if the indicators turn

Tue, 15 Dec 2015 14:26:08 GMT

USD/PLN 1H Chart: Rectangle

The current down-leg is estimated to extend through recent lows soon. A rectangle formed by USD/PLN assumes that after a short pause a sell-off will continue. The key support is placed in the 3.94/3.9365 and consists of Dec 9 and Dec 3 lows. A drop below them is anticipated by technical indicators on all time frames at the moment. Another

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.