EUR/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Given that EUR/USD is presently trading between two downward-sloping parallel trend-lines, the bias towards the pair is bearish. The negative outlook is also reinforced by the four-hour and daily technical indicators. The Euro is expected to push through the 2004 low at 1.1750 and head towards the lower boundary of the channel at 1.1640, where it merges with the 2005 low and weekly S2. In the meantime, the upside should be limited by the falling resistance line. At the moment it implies strong supply at 1.1820. However, the SWFX market participants seem to be undecided with respect to the pair—52% of open positions are long and 48% are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Jan 2015 14:51:13 GMT

EUR/SGD 4H Chart: Falling Wedge

At the moment the EUR/SGD cross is developing in a very narrow-ranged falling wedge pattern, even though the quality and magnitude levels are very high. Pattern implies that the trading range is decreasing all the time, while now it does not exceed 130 pips. At the same time, trading volume on this pair has had an unusual tendency to increase

Wed, 14 Jan 2015 07:13:18 GMT

AUD/SGD 1H Chart: Channel Down

A failure to sustain a recovery after an encounter with the resistance at 1.10 resulted in emergence of a bearish channel. However, there is a significant risk of bulls taking control of the situation, which is represented by a 28-day up-trend. Accordingly, if the currency pair closes beneath the support at 1.0810, AUD/SGD will confirm its bearish intentions.Conversely, should there

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.