EUR/NZD 4H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
While against the U.S. Dollar the single currency has been appreciating since July, it has been moving sideways against the Kiwi even longer. It was not a surprise that the pair formed a descending triangle on a 4H chart that is likely to be completed soon. Keeping in mind that the outlook is bearish in 64% of the time and the fact bears are already trying to break through the lower boundary, the outlook is bearish. At the same time, vast majority (57%) of Dukascopy traders are holding long positions, expecting a bounce back. A move above pattern's support will make long traders focus on 1.6295, while a close below 1.6267 will suggest bears' intentions to reach a weekly S2 at 1.6113.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 06 Mar 2014 14:20:08 GMT

AUD/CAD 4H Chart: Channel Up

This year has been noticeably bullish for AUD/CAD so far. The currency pair has already covered six and a half figures and is well-positioned to carry on with the advancement. For the most part this is justified by the channel up pattern that has been developing since Jan 23. In more detail, while a more reliable upper boundary of the

Thu, 06 Mar 2014 11:56:31 GMT

EUR/USD 4H Chart: Rising Wedge

In a longer-term the most traded currency pair is trading between two Fibonacci retracements– at 1.3894 and 1.3456. In a shorter-term, however, the pair is moving in boundaries of a rising wedge pattern that was formed on January 24. The pair will affected by vital fundamental data from the United States and Europe this week, while traders believe the pair

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.