NZD/USD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The outlook for NZD/USD is strongly bearish. While the resistance trend-line is expected to remain intact, the support level at 0.65 is likely to give in under the selling pressure, despite being reinforced by the weekly S1. This will pave the way for a prolonged decline, as there are no significant demand areas until 0.6240, namely September low. The near-term focus, however, will be on the weekly pivot points at 0.6458 and 0.6414.
Alternatively, in case the bulls manage to push the price over 0.6545, the initial target will be the 200-hour SMA at 0.6564, followed by the weekly R1 and Nov 11 high near 0.6590.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 16 Nov 2015 08:31:10 GMT

AUD/CHF 4H Chart: Rising Wedge

Looking at AUD/CHF, there are quite a few 'sell' signals. First, the currency pair is trading right at the upper edge of the bullish channel that is forming in the daily chart. Secondly, in the four-hour chart the price is forming a rising wedge that usually portends a reversal, and in this case a sell-off from 0.72. The bearish intentions

Fri, 13 Nov 2015 14:43:04 GMT

HKD/JPY 4H Chart: Channel Up

After trading in consolidation for two months, the HKD/JPY currency pair appears to have entered a recover trend, namely an ascending channel. At the moment the pair keeps testing the channel's support line, a breach of which will doubtfully trigger a sharp sell-off, as a rather strong cluster of supports rests around 15.7700. Even in case this area gives in,

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.