NZD/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since there is a formidable resistance at 0.7950 represented by a multi-month down-trend (drawn through August and October highs), the outlook for NZD/USD is bearish. Yet another significant supply area is implied by the 200-hour SMA at 0.7879. Therefore, NZD/USD is expected to negate the recent gains in the nearest future and re-visit this year's minimum at 0.77.
In the meantime, the technical indicators are largely mixed (only daily studies are somewhat negative) and the SWFX market is undecided—50% of traders plan to profit from a rally and 50% from a dip.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 03 Nov 2014 08:55:11 GMT

CHF/SGD 1H Chart: Triangle

Through September and October, the CHF/SGD cross has been on a sideways trend; thus it has not lagged that much. However, just recently the currency pair has formed a triangle pattern. In the next few hours the Swissy will reach the pattern's apex; therefore, this is a interesting pattern to watch. Now, the technical indicators expect the currency couple to continue

Fri, 31 Oct 2014 14:06:06 GMT

AUD/USD 1H Chart: Channel Up

The Australian Dollar, despite the strength of it US counterpart, retains a bullish bias. Since mid-October the currency pair has been forming a well-defined upward channel, meaning the price of the Aussie is likely to increase in the coming days. Accordingly, the current target is the upper boundary of the formation at 0.89, where the resistance is reinforced by the daily

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.