NZD/USD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Kiwi/Dollar currency pair has ultimately confirmed a high-quality and magnitude descending triangle. Now the pair is dealing with the 200-hour SMA, one of the most important resistances. All indicators are pointing to the fact that NZD/USD will be able to breach this line successfully and will continue moving in the upward direction. In particular, this is affirmed by technical studies on all time frames. As for the SWFX market sentiment, the distribution between the bulls and bears is even and we see no major indicative there. A closure above the first weekly supply at 0.6765 will put the weekly R2 (0.6839) at the risk of violation. It should be noted that this level is guarding the pattern's high at 0.6875.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 29 Mar 2016 14:11:03 GMT

EUR/AUD 4H Chart: Triangle

We are still awaiting confirmation of the triangle, which emerged on the back of two-month EUR/AUD's developments. The base case implies a decline below 1.4766, namely the green trend-line. This is even in spite of attempts to test the upper boundary of the pattern. Any advance in value, if happens, is unlikely to become long-lasting, as the bulls will meet

Tue, 29 Mar 2016 06:58:03 GMT

EUR/AUD 1H Chart: Channel Down

At the moment, the outlook is bearish on EUR/AUD, being that the pair is trading within the boundaries of the descending channel. The current upward correction is about to come to an end at 1.4860, where the price is to meet the upper edge of the pattern, and give way for a sell-off. However, beyond the period of the next

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.