Thu, 06 Oct 2016 12:01:05 GMT
USD/SGD 4H Chart: Channel Up
The US Dollar is simultaneously trading in two ascending channels against the Singapore Dollar. The short term channel up pattern formed in the borders of the larger channel. The short term pattern came into existence as a result of the 200-period SMA stopping and rebounding the rate on the night from September 22 to 23. In addition, it is not