AUD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After bottoming out near 1.1550 in the second half of May AUD/SGD entered a distinct bullish trend. And, judging by the technical indicators, the Australian Dollar is likely to continue appreciating relative to its Singapore counterpart. However, the current rally of AUD/SGD may soon give way for a bearish correction, considering that it is now approaching the upper boundary of the pattern. The pair is expected to turn around in the area between 1.1820 and 1.1840 and thus postpone a long-term recovery until the exchange rate hits the lower up-trend line at 1.1710. Meanwhile, the view held by the SWFX market is largely bullish—71% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 23 Jun 2014 14:39:07 GMT

NZD/USD 1H Chart: Channel Up

Having established a tough support near 0.8650, NZD/USD was able to form a bullish channel, meaning the kiwi is expected to keep gaining value against the U.S. Dollar. However, in order for the bullish outlook to remain valid over the coming days, the currency pair should stay afloat above the rising trend-line at 0.8695. Right now this level is reinforced

Mon, 23 Jun 2014 07:33:08 GMT

GBP/USD 1D Chart: Rising Wedge

Since last year's July GBP/USD has been in a major up-trend. And even though most of the technical indicators suggest the demand is going to continue pushing the price further north, there are signs that we are on the verge of a major reversal. Firstly, the currency pair is facing an important resistance level, represented by the 2009 high at

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.