GBP/NZD 30M Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following a 2.8% dive over the last couple of days, GBP/NZD entered a descending triangle to continue the bearish themes after a consolidation. The pair is now making its way through the pattern towards the southern border and is likely to break below the support line of 1.7509 eventually. After exiting the red cloud resistance the pair will face just one small obstacle just before the trend-line at 1.7513 and, depending on the amount of momentum it steals, it could either let the rate through to its target or send it skyrocketing. In case the pattern proves mature enough to break on the current wave, 1.7483 will be the first level it faces outside.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 12 Dec 2016 07:39:02 GMT

GBP/USD 30M Chart: Double Bottom

The two-day dip of GBP/USD has allegedly come to an end with a double bottom formation, which has not broken the neckline yet. The pair is currently trading mid-pattern and is expected to target the neckline at 1.2615 next. The daily Pivot point at 1.2584, bolstered by the Ichimoku cloud as well as the 55 and 20-period SMAs, has now

Fri, 09 Dec 2016 14:52:03 GMT

CHF/JPY 4H Chart: Channel Up

After it appeared that CHF/JPY has been forming a rising wedge on the four-hour chart, it managed to take the form of a channel and cast some optimism in the technical outlook. The pair has just completed its retracement of the channel bottom boundary and is now likely to extend the downtrend into areas below. The first such area that

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.