NZD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The New Zealand Dollar is trading simultaneously in two descending channels against the Swiss Franc. The junior pattern is a representation of the pairs bounce off from the upper trend line of the dominant descending channel pattern. The medium term descending channel pattern has already passed the support provided by the 38.20% and 50.00% Fibonacci retracement levels, respectively, at 0.6952 and 0.6837. The retracement levels are measured by connecting the 2017 high and 2016 low level. The pair is heading to the combined support of the 61.80% Fibonacci retracement level and the lower trend line of the dominant channel near the 0.6730 level.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 01 May 2017 09:03:39 GMT

GBP/USD 1H Chart: Channel Up

After breaking a strong trend-line in April and setting a strong bullish motion in action, GBP/USD consolidated just to post some more gains in a channel up pattern afterwards. The cross has, however, just broken the pattern to the downside and appears to be forming a retracement of the broken area on the hourly chart. We will look for

Fri, 28 Apr 2017 11:41:37 GMT

AUD/NZD 4H Chart: Channel Up

Recently the Australian Dollar broke a medium term descending channel pattern against the New Zealand Dollar. The inertia for the breaking of the pattern was provided initially by the 61.80% Fibonacci retracement level, which is located at the 1.0658 level. The relevant Fibonacci retracement levels are measured by connecting the 2016 high and low levels. As a result a narrow

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.