NZD/CAD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Considering the current situation, a rally through the resistance level at 0.9450 appears to be more likely than a decline beneath the up-trend at 0.9430. NZD/CAD has formed an ascending triangle, which indicates that the bullish pressure is building up. In case of the more probable scenario, the weekly R1 will be the first target, followed by the Mar 4 high at 0.9530. Alternatively, should the bears prevail, the decline may well extend down to 0.9350 (200-hour SMA), while additional strong demand level is supposed to be at 0.9330. As for the sentiment among the SWFX market participants, the traders are undecided: 47% of positions are long and 53% are short.
© Dukascopy Bank SA
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Fri, 20 Mar 2015 15:16:19 GMT

USD/TRY 4H Chart: Channel Up

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Fri, 20 Mar 2015 07:42:05 GMT

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