NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A short, only 62-bar long, channel up pattern was shaped by NZD/USD on November 11. Now the pair seems to be bounded not only by the pattern's lines but also by its SMAs that locked the pair in relatively narrow trading range. 50-bar SMA meanders slightly below the pair, representing a strong support, whereas 200-hour SMA is acting as the resistance that prevented the currency pair from appreciation for several hours already. According to the SWFX data, market players believe the pair will fail to break through its 200-hour SMA and may retreat to its short-term SMA in the nearest future as 61.90% of traders bet on depreciation of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Nov 2013 12:54:19 GMT

CHF/JPY 1H Chart: Channel Up

Two days after bottoming out at 106.80 the currency pair overcame the 200-hour SMA and started to trade while being contained by two upward-sloping parallel trend-lines.The upper edge of the pattern at the moment creates strong resistance near 109.47 and seems to be more reliable than the lower one. First of all, it was confirmed by the market on more

Fri, 15 Nov 2013 07:39:03 GMT

EUR/SGD 1H Chart: Ascending Triangle

A drop to a four-month low in the beginning of November eased selling pressure that helped EUR/SGD to recover slightly and commence a formation of an ascending triangle pattern. At the moment of writing, the currency couple was trading near the apex of the triangle and was trying to breach the lower limit of the pattern, signalling that we are

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.