EUR/NZD 1H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro is at the early recovery stage against the New Zealand Dollar, after the currency pair has been falling down since the last day of February up until Friday. Gains are being foreseen by 1H technical indicators and we are sharing their optimism at the moment. The rally should prolong its winning streak to 1.63, before it nears the 100-hour SMA and weekly pivot point. Success here will expose the second bunch of resistances slightly under 1.64, the 200-hour SMA and daily R2. Adding to that, the Euro is oversold in the SWFX market, as 64% of all positions are short. It may provoke some buying activity, but markets should remain watchful: 4H and daily studies are not sharing aforementioned enthusiasm.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 07 Mar 2016 14:56:04 GMT

USD/JPY 4H Chart: Rectangle

Rectangles are typical continuation patterns, meaning there exists a high probability of a failure of the US Dollar against the Japanese Yen. Therefore, the pattern seems to only offer a transitory stabilization of the pair before another leg down and the Yen's appreciation. The key zone to watch now is located in between the 113.50 and 113.16 levels, where two

Mon, 07 Mar 2016 10:54:13 GMT

EUR/CAD 1D Chart: Channel Up

There is an overall bullish outlook for the Euro's cross against the Canadian Dollar. Moreover, just now the pair is closing a leg down, which is likely to trigger another rally from 1.44. The green trend-line is the closest support at the moment, given that the 200-day SMA has been successfully tested last week. Moreover, positive forecasts are reinforced by

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.