NZD/USD 1D Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
With the formation of the Double Bottom pattern kiwi-greenback is posing for further appreciation of the pair. This happens due to the fact that the pairs bears failed to reach new (relative) low and bulls push the pair back to the previous levels. In this case that would be addition 450 pips. At the moment the pair is trading just slightly above the pattern's resistance. However, as this coincides with a start of a new week it might be the case that bulls might have "overshooted' the opening price and together with the pressure coming from 200-day SMA bears might seize another opportunity to push the pair lower. 

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 Aug 2013 13:40:47 GMT

EUR/NOK 4H Chart: Channel Down

The reason what makes this trade pattern attractive for trade is very obvious– it is a recent upside breakout, which is usually followed by higher prices and increased trading volumes. Even taking into account low volume during the summer, further appreciation of the pair is very likely, as aggregate technical indicators on 4H and weekly charts are sending "buy" signals.

Mon, 19 Aug 2013 06:31:20 GMT

GBP/NZD 1H Chart: Descending Triangle

Price action throughout the past 290 hours suggests that GBP/NZD is currently trading within a descending triangle, since from above the fluctuations were contained by the falling resistance line from above and underpinned by the horizontal support line from below.Right now the boundaries of the pattern are to be found at 1.9312 and 1.9214, but they are not expected 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.