USD/NOK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Sell-off of the US Dollar against the Norwegian Krone continued during the second part of this week, after initial losses last week and some sideways movement on Monday and Tuesday of this week. At the moment the further downside development is forecasted both by SWFX market participants and bearish technical indicators on medium and long term time frames. Among traders three out of four are holding short open positions. However, bulls may rely on weekly S1 and pattern's lower edge in the near term. However, failure to withstand bearish pressure may result in a slide down to the 8.00 major level, which is strengthened both by weekly and daily S2 around 7.99.
© Dukascopy Bank SA
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Fri, 18 Sep 2015 13:34:05 GMT

EUR/SGD 1H Chart: Channel Down

A decline of the Euro versus its Singapore peer has resumed yesterday evening, and at the moment EUR/SGD is already testing reliability of the 200-hour SMA at 1.5882. In case this level is unable to derail bears, we expect this task to be accomplished by the next support zone, which is represented by daily and weekly S1, 100 and 55-hour

Fri, 18 Sep 2015 05:27:40 GMT

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