GBP/NZD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A decline to a two-month low of 1.9460 in mid-January marked the beginning of the rising wedge pattern, vacillating within which the pair managed not only to recover losses some of the previous losses but also to climb to a three-week high at 2.0216 on January 24.
 Now the pair is siting above the 50-hour SMA that started to act as a strong support level six hours ago when the currency pair bounced off the lower boundary of the pattern. In the meantime, technical indicators suggest a weakness in the short and medium term that, if materializes, may push the pair again to the pattern's lower boundary.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 27 Jan 2014 07:32:22 GMT

EUR/JPY 1H Chart: Falling Wedge

Having approached a five-year high of 145.70 in the very end of 2013, EUR/JPY changed direction and followed a pronounced down-trend that eventually caught the pair into zone restricted by two downward sloping and gradually converging lines. Recently, the currency pair has attempted to breach the pattern's lower limit and, indeed, it succeeded but a slump to almost a two-month low

Mon, 27 Jan 2014 07:31:56 GMT

NZD/CAD 1H Chart: Channel Up

Although the New Zealand Dollar has been appreciating versus its Canadian peer since early January, the pair embarked on formation of the channel up pattern only on January 10 when the currency couple noticeably sped up its advance. At the moment of writing, the corridor was 216-bar long and 244-pips wide thus leaving enough room to manoeuvre. Meanwhile, NZD/CAD was

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.