NZD/CAD 1H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The similar tendency to the AUD/USD currency pair is showed by the Kiwi/Loonie cross, which is gaining value at the moment. The only difference is that this pair is trading within the boundaries of a bullish pattern. It means that the Kiwi is likely to advance in the long-term, as assumed by technical indicators on all time-frames. Moreover, daily studies give completely no signals to sell the New Zealand's dollar versus its Canadian counterpart. We expect the pair to reach a resistance at 0.8909 (weekly PP) and stay there for some time before going further to the upside and eventually reaching the pattern's resistance. In addition, SWFX traders support the bullish action in 58% of all cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 28 Nov 2014 09:36:07 GMT

USD/DKK 1H Chart: Broadening Rising Wedge

For most of November CHF/JPY has been trying to consolidate above the 6.00 level. Moreover, by doing that the pair has formed a broadening rising wedge pattern that could potentially help to break the level once again. For matter of fact, right now the pair is appreciating towards the upper trend-line that is located above the 6.00 mark. Since the majority

Thu, 27 Nov 2014 14:30:11 GMT

AUD/USD 1H Chart: Channel Down

After touching the lower boundary of a bearish channel, the Australian currency started a period of appreciation. As a result, the AUD/USD currency pair is increasing in value for a second consecutive day. At the moment the Aussie is facing a resistance, represented by daily R1 and 100-hour SMA around 0.8590. At the same time, we assume the pair to

Subscribe to "Fundamental Analysis" feed

Souscrire
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.