AUD/SGD 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Yesterday AUD/SGD met a crucial resistance, which consists of several moving averages and the weekly PP at 1.0154/91. Moreover, today this area is reinforced by the daily PP. They all are guarding the pattern's upper boundary, meaning there will be attempts to prevent the Aussie from any further gains. A surge above 1.0191 will immediately expose the trend-line, which will be expected to be crossed due to absence of any other major supply levels until 1.0274 (weekly R1). The bearish scenario, however, looks more realistic for this particular currency pair. To support the bears, daily technical indicators are pointing downwards, while 73% of all traders are AUD-long, which makes it overbought versus SGD.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 17 Dec 2015 14:27:08 GMT

GBP/USD 4H Chart: Channel Down

On Monday the Pound has successfully bounced back from the channel down pattern's upper edge at 1.5240. The current losing streak amounts to more than 300 points as of Thursday afternoon. We expect GBP/USD to touch the support at 1.4868/56 in the nearest future, namely monthly S1 and weekly S2. As they are holding the key to the pattern's lower

Thu, 17 Dec 2015 07:24:43 GMT

AUD/CAD 4H Chart: Channel Up

We hold a bullish outlook on AUD/CAD. The main reason is that the currency pair has formed a high-quality ascending channel, but the market is also net short—62% of traders are bears. The Australian Dollar is expected to rebound from the support trend-line at 0.9860 and extend the ensuing rally up to 1.01. Further advancement in under question because of

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.