GBP/NZD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After hitting the highest level since June 2012 on January 31 the pair began moving lower, forming a channel down pattern. This week, the pair touched pattern's lower boundary for the first time since February 12. Moreover, technical indicators on a 4H and daily chart are sending ‘sell's signals, suggesting there will be another attempt to penetrate pattern's support. Dukascopy traders (61%), however, a opening long positions, expecting the pair to appreciate. As long as the pair is trading below the daily pivot at 1.9364, the outlook is bearish. Therefore, short traders should focus on the weekly S2 and a recent low and 1.9152.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 24 Mar 2014 08:14:19 GMT

GBP/CAD 1H Chart: Channel Up

For the past five trading days GBP/CAD seems to have been trading between two parallel rising trend-lines. For this assumption to prove to be true, the currency pair needs to rebound from the support near 1.85 (200-hour SMA, weekly PP and up-trend); most of the technical indicators favour such a course of events. Then the price will be expected to

Fri, 21 Mar 2014 13:52:04 GMT

AUD/SGD 4H Chart: Rising Wedge

The Aussie has been appreciating versus the Singapore Dollar since late January. What is more important, it the fact each new high was higher than the previous one. Moreover, the pair managed to penetrate pattern's resistance this week, and even though the pair moved back into pattern's boundaries, the outlook is bullish. This idea is supported by technicals on a

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.