NZD/CAD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 70 days NZD/CAD has been slightly more inclined to rise than to fall, resulting in the formation of the bullish channel. Considering that the currency pair is near the lower boundary of the figure at the moment and the majority of weekly studies are giving ‘buy' signals, there is a good chance the New Zealand Dollar will outperform its Canadian counterpart. However, there are significant risks to this rally in the long-term represented by the resistance at 0.8772, which is not only the weekly and monthly R1, but also the April high, which has lately denied two attempts of the currency pair to continue the advancement.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 11 Nov 2013 15:40:12 GMT

AUD/CAD 1H Chart: Channel Down

After peaking at 1.0050 near the end of October the Australian Dollar started to depreciate, a tendency that in the end has led to penetration of the 200-hour SMA and formation of the bearish channel on an hourly chart.Right now the currency pair is moving en route to the lower edge of the pattern, which is supposed to initiate a

Mon, 11 Nov 2013 08:03:41 GMT

EUR/CAD 1H Chart: Channel Down

A stab to the highest level since at least 2010 weakened the pair that reversed its trend to the south and started a sharp decline. The decline represents a channel down pattern with 100% magnitude and 60% quality. On November 7, the single currency saw a plunge against most of its counterparts after the ECB decided to cut rates, the

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.