AUD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As AUD/SGD found strong support in the face of 1.1561 on May 2, it was able to commence a robust recovery and eventually form a bullish channel. And while the short run is associated with downside risks due to a current downward correction from the upper trend-line, in the longer-term perspective the Australian Dollar is likely to continue to appreciate against its Singapore counterpart. The rising support line, together with the weekly R1 at 1.1682, should be enough to prevent further extension of the sell-off and instead is expected to invoke a rally. In the meantime, a substantial majority of the SWFX market participants are long the Aussie, namely 74% of them.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 May 2014 14:02:47 GMT

CHF/SGD 1H Chart: Ascending Triangle

Even though since the beginning of April each consecutive low was higher than the previous one, every new rally of CHF/SGD was capped by 1.4322, resulting in the end in emergence of an ascending triangle. However, the lower boundary of this pattern has already been broken to the downside, meaning the outlook on the Franc is bearish. The first target

Thu, 08 May 2014 11:10:13 GMT

EUR/GBP 4H Chart: Falling Wedge

EUR/GBP is currently trading in boundaries of two trade patterns, including the falling wedge and a descending triangle, both formed on a 4H chart. Keeping in mind lower trading volumes, and the fact both trend lines will converge in a couple of days, the pair is likely to be highly volatile soon. The outlook is bearish both from the perspective

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.