NZD/USD 30M Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/USD gained bullish potential inside of a falling wedge pattern, as highs became higher but volatility was lost on the downside. Currently moving towards 0.7115, the upper trend-line of the wedge, the pair will encounter supply at 0.7099, where the 20-period SMA lies. With SMAs weighing from above, the pair will face a tough journey that will eventually lead outside of the upper boundary. Short-term dips will be cut by 0.7078/76 with more risk at 0.7065, the bottom trend-line of the wedge. We see the pair respecting the bounds of the wedge up until the 0.7037 level, represented by October lows, is reached, followed by a break out of the pattern right after that.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 14 Nov 2016 10:01:04 GMT

EUR/PLN 1D Chart: Double Bottom

EUR/PLN launched several attacks at levels above its trading range, but proved an uptrend unsustainable as it sank to 4.2615, where a double bottom was formed, suggesting that a bearish market could be sustainable at last. The pair easily broke the neckline at 4.3756, setting now eyes on 4.4737, the June high, and shows more risk at 4.5803, where

Mon, 14 Nov 2016 09:28:06 GMT

EUR/JPY 4H Chart: Rising Wedge

A rising wedge emerged to guide EUR/JPY movements, showing a single downside breakout on the day the POTUS Donald Trump was elected. While currently supposed to move south, the pair has been distracted from the wave with a slightly bullish consolidation. We still look for the pair to reach the bottom trend-line around 115.40, and the pattern could be mature

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.