AUD/NZD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A pair of two commodity currencies is trading in an ascending channel pattern, as the Aussie appreciates against the Kiwi. The currency exchange rate is in the middle of the pattern, as the rate bounced off the pattern's lower trend line at 1.0578 around midnight between August 10 and August 11. The currency pair is bouncing between the simple moving averages, which, at the moment, are located from the level of 1.0641 to the 1.0684 mark. If the pair breaks out of the SMA cluster to the upside, it will surge unstopped to the level of 1.075, where the first weekly resistance is located at. Daily aggregate technical indicators forecast a surge for the pair during Friday's trading session, which means that the previously predicted move is most likely.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 15 Aug 2016 07:00:30 GMT

EUR/NZD 30M Chart: Channel Up

Near-term outlook on EUR/NZD is strongly bullish. Appreciation of the Euro implied by the pattern is supported by an overwhelming majority of other studies. In addition to the technical indicators that in aggregate are pointing upwards, the single currency is heavily oversold (69% of positions are short), making an extension of the current rally even more probable. Immediate resistance is

Fri, 12 Aug 2016 10:25:03 GMT

USD/TRY 4H Chart: Channel Down

The US Dollar is in a descending channel pattern against the Turkish Lira, as the currency exchange rate recently rebounded against the pattern's lower trend line at 2.9532 on August 10. As the pair surged on August 12, the rate encountered the 200-period SMA, which hindered the Greenback's appreciation against the Lira. On the way to the pattern's upper trend

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.