NZD/CHF 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last couple of trading sessions NZD/CHF has been moving slightly above pattern's support line, which is also supported by 200-bar SMA. Furthermore, technical indicators on 4H, daily and weekly charts are neutral, suggesting pair will stay around current level for the foreseeable future. In the meantime, 74% of traders are bearish on the pair, hence we can expect another retest of the support line soon. In 100 pips range 67% of all pending orders are about to go short, providing additional boost for the pair. Even despite unclear "buy" or "sell" signals, in case the pair will be able to close below the support line, we can expect a strong downward movement.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 09 Oct 2013 13:56:32 GMT

NZD/CAD 4H Chart: Ascending Triangle

As well as NZD/CHF cross NZD/CAD is trading in a limited range since September 17, when the pair hit pattern's resistance, and which is now the recent high. Ascending triangle is 173 bars long, however, it seems that it is moving to its apex and soon both trend lines will converge, while the trading range is narrowing rapidly. According

Wed, 09 Oct 2013 13:56:24 GMT

EUR/GBP 4H Chart: Rectangle

After a double bottom pattern, EUR/GBP formed a rectangle. This usually happens after bulls or bears fail to break any of the trend line, and the price moves back to pattern's boundaries. The pair will continue fluctuating between support and resistance lines until either bears or bulls will be strong enough. At the moment of writing, 62% of opened positions

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.