USD/DKK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Dollar is estimated to recover up to 6.66 against the Danish Krone, where the next down-leg is going to commence. However, four-hour technical indicators are now pointing to the downside, meaning a renewed movement down can begin earlier than expected. The key obstacle is 55-hour SMA at 6.6487, which is quickly heading downwards and is reinforced by the 100-hour moving average from the North. Within the channel down pattern, a sell-off should target the first weekly support line at 6.5841. Success here will pave the way for a drop down to the green trend-line. At the same time, SWFX sentiment assumes the Buck remains oversold, as 72% of all open trades are short.
© Dukascopy Bank SA
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Wed, 10 Feb 2016 14:09:05 GMT

AUD/SGD 4H Chart: Channel Down

The first monthly line to offer  support to the pair is found at 0.9832 this week, and it seems to be building a reliable demand for the Australian Dollar. It is estimated to be breached in the nearest future, given a number of clear signals in favour of a plunge. Firstly, AUD/SGD is remains heavily overbought in the SWFX market.

Wed, 10 Feb 2016 07:17:07 GMT

EUR/TRY 4H Chart: Channel Up

EUR/TRY is in a strong up-trend. Apart from solid support areas at 3.2550/3.2450 and at 3.22, the overall positive bias is ensured by the long-term trend-line at 3.12 lire that has been topical throughout the whole 2015. However, right now the price is headed towards the upper edge of the channel, meaning the near-term upside potential is limited by 3.3650/3.3550,

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