EUR/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been narrowing its trading range by 250 pips in 379 bar range and recently it has been moving towards the pattern's support line. As the current market sentiment is not strongly marked (bearish 56%), the pair is likely to be driven by technical indicators. And according to them, the pair is expected to continue appreciation in a short and long time frames, as aggregate indicators on 4H and 1D charts are sending "buy" signals. The price will head to the north until it will reach pattern's upper trend line, and in case of penetration of this level, higher prices will be expected.
© Dukascopy Bank SA
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Tue, 09 Jul 2013 13:40:08 GMT

USD/SGD 4H Chart: Channel Up

A simple channel up pattern was formed by USD/SGD on the May 8, and during the last two months we were observing the appreciation of the greenback against the Singapore currency. As the number of long and short positions is almost equal, the pair is likely to follow the trend. Moreover, aggregate technical indicators on 1D and 1W charts are

Tue, 09 Jul 2013 08:10:39 GMT

USD/JPY 1H Chart: Rising Wedge

Pair has been narrowing its trading range by 80 pips in 100 bar range and recently it has been moving towards the pattern's resistance. Technical indicators, although with significant share of neutral readings, give strong indications that pair will continue appreciating (bouncing from the pattern's support and maintaining bullish trend). It is worth mentioning that trading  volume has significantly decreased

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