NZD/CAD 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been slowly narrowing its trading range and formed a triangle pattern. Pattern's support and resistance are set to intersect on 12th of July, 09:00 GMT at 0.8216. Although technical indicators do not give any clear aggregate readings, we could focus on few things. First of all, the Stochastic indicator on the 1H Chart (on the left). It sends sell signal suggesting the pair should rebound from the pattern's resistance. Secondly, the neutrality of the aggregate readings suggests that the pair should remain somewhat range bound for the time being.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Jul 2013 05:38:05 GMT

GBP/JPY 1H Chart: Channel Up

Back in June there were concerns whether the British Pound will be able to recover; however, for the last 250 hours the currency was confidently moving upwards, reaching new peaks and posting higher lows, thereby forming a channel up on a 1H chart. During this period the 200-hours SMA did take part in creating a pattern, but only as an

Thu, 04 Jul 2013 13:54:45 GMT

EUR/JPY 4H Chart: Channel Up

It seems that pair is resuming its long term bullish trend which started at the end of 2012. It was interrupted by end of May to mid-June sell off, which was right before the pattern's start. Short term (4H) technicals suggest that the pair will continue depreciating. Daily technicals point at appreciation of the pair suggesting it will continue to

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.