CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 1.023 - 1.0632
RESISTANCE LEVELS: 0.99291 - 0.99897 - 1.00807
PAIR ANALYSIS :

AUD/SGD is in a bearish domination tendency within a parallel channel. The currency pair has been dominated by a seller positions tendency with few corrections along the pattern channel fig 1. The Linear Regression Slope around -0.0001, the MFI and the chart analysis indicates the slightly market tendency. It is possible a retracement around the 0.99291 and 0.99897 support zones fig 2 valitading the bearish channel constrains. The configuration of the Parabolic Sar seem to confirm the channel constrain. A bullish crossing at 1.0632 can validate a significant bullish domination.
It can be evaluated a forecast level price at 1.00807.
Good trading to the Dukascopy Community
FIGURE 1 shows the bearish parallel channel


FIGURE 2 indicates the forecasting pattern
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