NZD/CAD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Already since the beginning of last year's summer NZD/CAD has been preserving propensity to advance. However, it is the last 300 bars that are currently of particular interest to us, since they constitute a bullish channel. Right now the pair is trading at the lower boundary of this upward-sloping corridor, which is strengthened by the 200-period SMA and the monthly pivot points, meaning that the New Zealand Dollar is likely to regain an upward momentum soon and resume the rally. The positive outlook is also confirmed by the daily and weekly technical indicators, but SWFX traders do not seem to be convinced by them—72% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 20 Feb 2014 11:51:41 GMT

EUR/CAD 4H Chart: Channel Up

Similarly to NZD/CAD, Euro-loonie has also been consistently respecting two parallel rising trend-lines lately. And, judging by the technical studies and the fact that EUR/CAD is presently near the dense demand zone at 1.5037 (weekly PP; 200-period SMA; up-trend), the bias towards this currency pair is strongly bullish as well, since it may reach a level of 1.57 in the

Thu, 20 Feb 2014 07:46:10 GMT

AUD/JPY 1H Chart: Double Top

Being that an up-move observed in the first half of February has already twice failed at the level of 93, we may assume that AUD/JPY has formed a double top pattern that in turn increases the chance of a sharp decline in the nearest future. This pattern also implies a neck-line at 91.12, which needs to be breached for 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.