NZD/CAD 1H Chart: Channel Up

Source: Dukascopy Bank SA
A small-scale channel up pattern on the hourly chart led NZD/CAD out of the senior falling wedge on the daily time-frame, suggesting that risks should be skewed to the upside in general, but a retracement is potentially due before a confident rally extends. The hourly time-frame, however, suggests that the correction has already taken place, meaning that the upper bound of the small channel should be the main area to watch around 0.9364 with hitches at 0.9354 and 0.9361. The zone below is severely clustered, suggesting that the cross is unlikely to slip beneath 0.9339, and might even form an ultimate junior channel up to get away from it.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 18 Apr 2017 12:01:58 GMT

USD/NOK 1H Chart: Channel Down

The Greenback is declining against the Norwegian Krona on the hourly chart in a descending channel pattern, which, as indicated by various clues, is about to become obsolete. The channel has reached the support of a long term up-trend line, which has supported the pair throughout 2016. Moreover, the support line is also strengthened by the support provided by the

Tue, 18 Apr 2017 10:19:16 GMT

GBP/CHF 1H Chart: Rising Wedge

GBP/CHF has entered a consolidative phase on the daily time-frame, and is trading in a triangle which suggests that the previous down-trend might prevail. The pair has reached the upper trend-line of the pattern and is showing the expected downward potential on the hourly chart among several other time-frames by sketching a rising wedge. We will look for the cross

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.