NZD/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/USD approaches an important milestone. The next major obstacle the currency pair must overcome in order to keep moving south is 0.6564, namely the lowest level since 2010. A test of this support is likely to trigger active buying, but we see the potential rally contained within the three-month bearish channel. Accordingly, the falling resistance line (currently at 0.6837 should act as a ceiling).
Meanwhile, the technical indicators are mixed across the different time-frames, and a distinct majority of the SWFX market participants are optimistic with respect to the Kiwi, being that as many as 70% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 07 Jul 2015 07:08:42 GMT

USD/SGD 1H Chart: Triangle

USD/SGD has just broken out of the symmetrical triangle that emerged after a failure of the US Dollar to extend the rally beyond 1.3574. The initial target is the Jul 1 high at 1.3541. However, the main objective is the Jun 28 high that guards the June maximum at 1.3634. In the meantime, the studies are mostly pointing upwards, and

Mon, 06 Jul 2015 14:36:10 GMT

XAU/USD 4H Chart: Channel Down

Gold has been under intense pressure from bears since May 18, when the bullion stopped growing around the 1,206 mark, or just above the Jun high. XAU/USD has consequently created the bearish channel pattern on the 4H chart, by violating all 55, 100 and 200-period SMAs on its way down. The medium-term outlook tends to remain fairly negative towards the

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.