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EUR/NZD 4H: Breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The common European currency has declined by 6.28% in value against the New Zealand Dollar since the middle of March. The decline began after the currency pair tested the 2.0000 area on March 19. [/ANNOUNCE]

Currently, the exchange rate is trading near the bottom border of an ascending channel pattern at 1.8462.

From a technical point of view, a breakout might occur within the following trading sessions.

However, if the channel pattern holds, the currency exchange rate will most likely continue its bullish momentum within this week's trading sessions.

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Actual Topics

06 Apr 2020

TRY/JPY 1H Chart: Short-term increase expected

Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralBuyBuy Stochastic(5;3;3)NeutralNeutralBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)BuySellSell Aggregate⇒⇘⇒ [ANNOUNCE] The Turkish Lira has been depreciating against the Japanese Yen within the descending channel since the beginning of March. [/ANNOUNCE] As apparent in the chart, the TRY/JPY currency pair re-tested the lower channel line at the beginning of April. Thus, from a theoretical point of view, it is likely that short-term increase is expected,

06 Apr 2020

AUD/NZD 4H Chart: Bulls could prevail

Indicator4H1D1W MACD(12;26;9)BuySellSell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralBuyNeutral Alligator(13;8;5)NeutralSellSell SAR(0.02;0.2)BuyBuySell Aggregate⇗⇒⇘ [ANNOUNCE]The Australian Dollar has been edging higher against the New Zealand Dollar since the middle of March. The currency pair tested the 200– period simple moving average at 1.0315 during last week's trading sessions. [/ANNOUNCE]As for the near future, the AUD/NZD exchange rate could continue to edge higher in the junior ascending channel pattern.

03 Apr 2020

EUR/RUB 1H Chart: Bears could prevail

Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)BuyNeutralNeutral Alligator(13;8;5)SellBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇘⇗⇗ [ANNOUNCE] During the second half, the EUR/RUB currency pair traded sideways in the rising triangle pattern. Recently, the pair has broken the given pattern south. [/ANNOUNCE] From a theoretical perspective, it is likely that some downside potential could prevail in the market. In this case the exchange rate could target the Fibo 38.20% at 78.53. However,