NZD/JPY 4H Chart: Channel Down

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Despite the fact that the Kiwi/Yen cross formed the same pattern as the previous currency pair, bearish sentiment on it for the medium-term seems to be more pronounced. For the time being as many as 74.05% of all SWFX market participants are holding short positions on the New Zealand Dollar, while assuming the Yen is going to appreciate. Moreover, daily technical studies are giving bearish signals; therefore, medium-term outlook is negative. On the other hand, in the near term the Kiwi is expected to rise, as the pair has just bounced from the down-trend around 87. Short-term technicals, however, are mixed and give no preference to any of the currencies.
© Dukascopy Bank SA
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Thu, 29 Jan 2015 07:00:04 GMT

EUR/USD 4H Chart: Channel Down

EUR/USD is poised to decline in the coming days. Although the technical indicators are mixed, there are two falling resistance trend-lines that are highly unlikely to let the bulls to take control of the pair. The immediate supply is supposed to be at 1.1333, where the upper edge of the patter merges with the weekly PP. If the Euro

Wed, 28 Jan 2015 14:09:55 GMT

EUR/JPY 1H Chart: Channel Down

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