EUR/NZD 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Provided with a reliable demand area below the current spot price at 1.6531/05, the Euro is getting ready to commence a strong recovery against the New Zealand Dollar. Even though the double top pattern implies a confirmation to the South, we are not ruling out the possibility of a third top or even a rectangle emerging eventually. However, short and medium-term technical studies are pessimistic on the matter. If the bears send EUR/NZD under the weekly pivot point, then a deeper selloff will be almost inevitable in the foreseeable future. As for the market sentiment among SWFX traders, here we observe a slight dominance of the bulls (52%), but such majority is quite unsustainable.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 17 Mar 2016 14:12:04 GMT

GBP/CAD 4H Chart: Channel Down

Over the past several hours the bulls have been trying to derail a downward correction of the pair. In case they penetrate the upper bound of the channel down pattern, this will be a major upward signal for the future. The task is not expected to be easy, as the red trend-line is being secured by the weekly pivot point

Thu, 17 Mar 2016 07:43:27 GMT

AUD/SGD 4H Chart: Channel Up

Although the pattern is still of relatively low quality, AUD/SGD appears to be trading within the ascending channel. This implies a potential sell-off down to the 1.0250/00 area before the currency pair starts a new bullish wave, as the Aussie has recently confirmed the upper boundary of the pattern. However, if the support zone proves to be insufficient to trigger

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.