AUD/NZD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is a downward-sloping channel emerging in the hourly chart of AUD/NZD. This implies that near-term rallies are to be capped by the resistance trend-line at 1.0790, while the main target is the lower edge of the pattern at 1.0710. And while the technical indicators also hold a negative bias, we need the rate to breach 1.0730 in order to confirm its intentions to go even lower in the longer term. The reason for concern is represented by the weekly PP and 200-hour SMA that may well prevent further depreciation of the Aussie against Kiwi by triggering a rally through supply at 1.0790. In this case we will shift our attention to 1.0884, namely the Nov 4 high.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 11 Nov 2015 14:42:52 GMT

NZD/USD 1H Chart: Channel Down

Downward-sloping trend-line of the current pattern suggests that the Kiwi is going to lose value in the long term. However, in the short term we expect a rebound to take place, and this idea is supported by technical indicators on 1H and 4H time frames. Moreover, traders are holding bullish positions in 54% of all cases. Recovery above 200-hour SMA

Wed, 11 Nov 2015 07:03:32 GMT

CHF/JPY 1H Chart: Channel Up

CHF/JPY is currently forming an upward channel as a part of its correction after the Oct 20-28 sell-off. Accordingly, the near-term outlook is bullish. The currency pair is expected to confirm support at 122.40/20 and then surpass the Nov 9 high at 123.40.However, the overall trend is bearish, and most of the technical indicators are pointing sought, meaning we should

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.