USD/SGD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
On July 23 the pair touched a 23.60% Fibonacci Retracement and since then the pair has been moving to the north and has even formed a rising wedge. During the last several hours there were several attempts to break the support line, however, bears were not strong enough. Currently, the market sentiment is not clearly marked (52% bullish), and according to aggregate technical indicators, after staying rather flat for some time, the pair is expected to resume following the uptrend. Therefore, a movement towards pattern's resistance line can be anticipated.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 01 Aug 2013 13:53:06 GMT

USD/NOK 1H Chart: Double Bottom

A 348-bar long double bottom was formed by USD/NOK on July 7, however, the pattern is likely to be completed soon, as there have been several false breakouts recently. At the moment of writing the price stood at 5.945, just 180 pips below the resistance line. As the market sentiment is almost equal, the pair is likely to be driven

Thu, 01 Aug 2013 12:36:40 GMT

EUR/GBP 4H Chart: Channel Up

Pair has been very volatile in the most of the pattern's length, but is showing much more smoother trading sessions lately. After a prolonged move along the pattern's support pair reached pattern's resistance in the course of 3 days and at the moment is trading out the recent rebound from it. It might be that we will see the pair

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.