EUR/NOK 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The EUR/NOK currency pair has been strongly bearish February 4, when the pair refused moving above 8.5274. Since then the pair has lost more than 3,000 pips already, and according to 74% of Dukascopy traders, the tendency will persist. Even so, bulls made an attempt last week, with the price being pushed higher by ECB's comments. The rally, however, was short-lived, and the pair moved back in pattern's boundaries. Moreover, a breakout was not confirmed by a spike in trading volume, hence, the outlook is still bearish. A dip below recent low and Daily S2 at 8.2263 will put pattern's support and daily S3 at 8.1918 on the map.
© Dukascopy Bank SA
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Wed, 12 Mar 2014 09:19:20 GMT

EUR/NZD 1H Chart: Channel Down

The single European currency has been in the down-trend against kiwi since mid-February and in the last day of the month it started to shape a channel down pattern that pushed the currency couple to a four-month low of 1.6197. Now the pair is retreating from its short-and long-term SMAs at 1.6376/0 that have recently intersected forming a ‘death cross'.

Tue, 11 Mar 2014 16:26:38 GMT

EUR/AUD 4H Chart: Channel Down

EUR/AUD is trying to break pattern's resistance, opening the road to a recent high at 1.5827. Nevertheless, after an attempt to break 1.5500 level, bulls refused going any higher and the moment of writing the pair was trading at 1.535, bounded by a 200-period SMA and a weekly PP. Dukascopy traders, however, are making their bets the pair will try

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