NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Kiwi has been correcting lower since the middle of Thursday. The US disappointing NFP report added bullish impetus to the New Zealand Dollar, but a recovery may not be long-lasting. In the nearest future NZD/USD must violate the 55-hour SMA, in order to confirm bearish expectations for the next couple of days. While bears are aiming at the lower trend-line, they will also have to cross the 100-hour SMA and daily S1 at 0.6375. Despite market sentiment being supportive for the negative scenario in 70% of all cases, we expect a renewal of the up-trend around the pattern's lower edge. This line is largely supported by the weekly pivot point, daily S2 and 200-hour moving average line.
© Dukascopy Bank SA
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Mon, 05 Oct 2015 06:39:20 GMT

GBP/NZD 1H Chart: Falling Wedge

The short-term outlook is bearish, as the pair has just bounced off the resistance trend-line. Additionally, the one-hour and four-hour technical indicators are mostly pointing south. Still, after the price touches 2.3357 there is likely to be a recovery with a subsequent upward break-out, as GBP/NZD is closing in on the apex of the falling wedge, namely a bullish pattern.

Fri, 02 Oct 2015 13:38:12 GMT

GBP/USD 4H Chart: Channel Down

While last week it was clear that the Sterling is losing value against the US currency, this week is marked by a much softer pace of the decline. Support is being created by the major level of 1.51, which is only going to be strengthened by the monthly S1 at 1.4939, followed by the pattern's lower edge some 30 pips

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