EUR/SGD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After appreciating against the Singapore Dollar for nearly 20 months, the European currency encountered an impenetrable resistance at 1.77 in March. Since then the market has been bearish, resulting in formation of the downward channel.
Right now EUR/SGD is trading near the upper trend-line of the pattern at 1.6170, meaning not only the long term, but also the short-term perspectives are negative. The pair is expected to erode the support at 1.60 (current 2014 low and monthly S1) and thus open the path towards the 2013 minimum at 1.5830, reinforced by the monthly S2 level.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 10 Nov 2014 08:54:56 GMT

GBP/JPY 1H Chart: Broadening Rising Wedge

After reaching the lowest level since March at 168.03, the Pound received a strong bullish impetus that has driven the pair to the highest level this year at 184.34. Meanwhile, the currency pair formed a 370-bar long broadening rising wedge pattern. Recently, the pair approached the upper boundary reaching the previously mentioned this year's high. However, now the pair is moving

Fri, 07 Nov 2014 14:49:08 GMT

USD/SEK 4H Chart: Channel Up

After nearing the lower boundary of the bullish channel, the US dollar began appreciating versus the Swedish currency. At the moment the pair is constantly approaching the upper trend-line at 7.4851. This level is reinforced by weekly R1 from below; therefore, an easy confirmation of the pattern is not likely to be the case. Keeping in mind mixed signals from

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.