NZD/USD 1H Chart Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/USD surged around 2.5% over the last two weeks, but is now losing bullish momentum as highs become lower inside of a rising wedge pattern. The latest wave south failed to reach the senior trend-line, recently sketching a new steeper one. On its way towards the upper trend-line of the wedge, NZD/USD will encounter 0.7148, 0.7153 and 0.7157 before a dip that could take the pair out of the pattern to the downside. The pair is currently bolstered by various time-frame SMAs as well as a green Ichimoku cloud, meaning that the downfall will not come easily.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 Dec 2016 09:02:04 GMT

AUD/CAD 1H Chart: Rectangle

Following a failed attempt at forming a double bottom at 0.9859, AUD/CAD entered a ranging market within a rectangle pattern. With supply and demand being in balance, it is now hard to tell whether a reversal is still on the table. We will look for signals at the support or resistance – 0.9859 and 0.9929 respectively – in order to

Wed, 07 Dec 2016 14:44:03 GMT

GBP/JPY 4H Chart: Channel Up

GBP/JPY left 125.51, the October low, inside of an ascending channel pattern, which is currently trying to restrict the pair's movements from the downside. The rate has set a support level at 143.23 and an upside cap at 145.52, and it will have to either break one of them or exit the channel in its next movements. Other than the

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.