USD/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
On 11th of August USD/SGD started to form a bearish channel. Therefore, it is expected that the Greenback might be losing value versus the Singapore's peer in the foreseeable future. Although, this scenario is not supported by the technical indicators,  with the daily technicals pointing to the north. Moreover, the pair's sentiment is strongly bullish (71.95%) and since the pair is hovering around the pattern's resistance line for some  time we might expect a break-out to the upside. In case the previously mentioned resistance level is breached then the pair will head towards the 100-period SMA and weekly PP at 1.2464/67.

 

© Dukascopy Bank SA
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Tue, 19 Aug 2014 08:38:13 GMT

GBP/USD 4H Chart: Broadening Falling Wedge

GBP/USD has already lost around 500 pips since it was trading near the major level at 1.72 and a further decline is possible since there is a Falling Wedge pattern emerging on the chart. The Daily technical studies are pointing south, strengthening the bearish outlook. Although, to prove its bearish intentions the pair has to slide below the 1.67 level,

Mon, 18 Aug 2014 11:42:07 GMT

EUR/SGD 1H Chart: Channel Down

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