EUR/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Duakscopy Bank SA
© Dukascopy Bank SA
Euro– Singapore Dollar cross has been showing similar performance to what we've seen in GBP/AUD, as after a long period of appreciation the pair is approaching December 2011 high. A recent choppy session indicates that bulls are struggling to push the pair higher. Nevertheless, tools of technical analysis are pointing at further appreciation of the pair, as 70% of all currently opened positions are long, while the majority of technical indicators are sending "buy" signals. In addition to that, a slight improvement in the Eurozone may lead to a stronger demand for share currency, action that would lead to a continuation of the uptrend.
© Dukascopy Bank SA
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Wed, 21 Aug 2013 14:48:45 GMT

CHF/JPY 1H Chart: Rising Weddge

Pattern marks the start of a mildly bullish trend on the pair after a week long sell off from 4th to 11th of August. Short term technicals give neutral aggregate outlook suggesting it pair should remain depressed under the pattern's resistance for some time. We have contradicting readings from the medium and long term technicals. Medium term technicals suggest that

Wed, 21 Aug 2013 13:38:42 GMT

GBP/AUD 4H Chart: Rising Wedge

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