NZD/CAD 1H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After reaching the low around 0.8760 on November 25, the NZD/CAD currency pair started gaining value and has already covered more than 200 pips to the upside. At the moment the Kiwi is trying to leave the pattern's support and begin moving in the direction of the upper trend-line. However, this task for the New Zealand's currency seems rather difficult, taking into account market sentiment, which is bearish for the time being. As many as 53% of all market participants are holding short positions on the pair, expecting it to decline. Meanwhile, technical indicators are mixed on all time-frames, meaning that the pair is most likely set to hover around the lower boundary for some period of time.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 01 Dec 2014 14:53:05 GMT

EUR/SEK 4H Chart: Triangle

The Euro/Swedish Krona formed a high-quality and magnitude triangle pattern, which began emerging in the beginning of October. Since that time the pair was decreasing its trading range. At the moment we are waiting for the shared currency to commence a break-out in any direction. Even though the pattern's boundaries have already formally been crossed to the upside, the development

Mon, 01 Dec 2014 08:55:58 GMT

USD/CHF 4H Chart: Triangle

US Dollar has been outperforming the Swiss currency for most of the second part of the year. However, starting from late October a period of consolidation began that resulted in a formation of triangle pattern. The USD/CHF cross is falling closer to the daily and monthly PP that remain a strong supports. We think that they will hold the par's bears

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.