AUD/NZD 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/NZD has been moving to the south since March and during this period of time the pair lost more than 2000 pips, making it highly attractive for traders. The short-term outlook is bullish, as 4H technical are sending "buy" signals, while 73% of traders are holding long positions on the pair. It seems that after moving back to pattern's resistance once again, the pair will continue its downside movement, as aggregate indicators on a daily chart are supporting the case of further depreciation. It is better to enter the market around the price of the resistance line at 1.0617. The next key support level is located around a weekly S1 at 1.0469.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 29 Jan 2014 12:57:04 GMT

EUR/NZD 4H Chart: Channel Up

The single currency has been moving around 1.67 level against the Kiwi since October 30. At the moment of writing the pair was changing hands at the level, which is just slightly below the 200-period SMA, at 1.6473. Traders do not expect the common currency to recover against the Kiwi in the nearest future, as the Euro is sold in

Wed, 29 Jan 2014 12:41:56 GMT

CAD/JPY 4H Chart: Descending Triangle

This year the Canadian Dollar has been losing value relative to the Japanese Yen, which has eventually led to formation of the descending triangle, being that CAD/JPY remains unable to penetrate the support at 92, which is reinforced by the daily S1 level. However, given that most of the four-hour and daily technical indicators are bearish right now, the break-out

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.