USD/SGD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/SGD started its upward trend on July 26, when the pair broke through its 200-bar SMA. The currency couple vacillated within a rising wedge pattern during the last six weeks until it successfully attempted to cross the lower boundary of the pattern on September 6; this move is likely to provoke a sharp depreciation of the pair in the days to come. USD/SGD may fall to its 200-bar SMA at 1.2725 that acts as a strong support level and, if overcome, may amplify the decline towards the next support zone at 1.2714 (daily S1) that may assuage selling pressure.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Sep 2013 07:11:09 GMT

USD/DKK 1H Chart: Channel Up

Having surpassed its 200-hour SMA on August 28, the currency couple rallied to the seven-week high of 5.6776; the pair came off this level to move to the south; however, the downside pressure weakened and the pair managed to reverse its direction to reach almost an eight-week high of 5.6928 on September 6. After that, USD/DKK went down and dived

Fri, 06 Sep 2013 14:05:58 GMT

EUR/USD 4H Chart: Channel Down

Growing speculation the Federal Reserve could start tapering its stimulus programme later this month have pushed the most traded currency pair lower, as demand for the U.S. Dollar rose. At the moment of writing, the pair was trading at the seven-week low– at 1.31 and in case this level will be breached, the next stop could be found at 1.3079–

Fri, 06 Sep 2013 14:05:44 GMT

GBP/AUD 1H Chart: Channel Down

Another channel down was formed by GBP/AUD on August 29, when the pair faced difficulties around 1.744. Just recently, bulls tried to penetrate the resistance line, a move, which will mean and end to the downtrend, however, bears pushed the pair lower. During the last 3 trading days the pair has already lost 133 pips, and according to technicals on

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.