USD/SGD 1H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
There is an immediate support represented by the weekly S1 at 1.4011. By crossing it, the bears will be able to attack the rectangle pattern's lower edge at 1.3986, from which will are looking for a new up-leg from the US Dollar. 4H technical indicators are also pointing to the upside at the moment. Rectangles are continuation patterns, meaning the earlier up-trend (Feb 10-17) of the pair is likely to be prolonged further to the North above 1.4112, namely the upper boundary of the current figure. The positive sentiment is additionally reinforced by the fact the 55-hour SMA (1.4053) has crossed 100/200-hour SMAs to the upside, indicating the general sentiment of the pair is becoming more optimistic.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 01 Mar 2016 14:17:07 GMT

USD/CAD 4H Chart: Descending Triangle

Triangles are classical continuation patterns, meaning the confirmation of the observed cross to the downside looks reliable and historically proved. For now we are looking for a deeper correction lower in the direction of 1.34, the first weekly support line. Next two levels of demand are guarding the 1.33 mark, the monthly S1 at 1.3316 from above and weekly S2

Tue, 01 Mar 2016 07:27:26 GMT

EUR/SGD 4H Chart: Channel Down

EUR/SGD has just touched upon the lower edge of the emerging bearish channel. Accordingly, we expect the Euro to bounce off of the support at 1.5230 and rally towards 1.5470, where the bullish correction should end. The bearish wave that is likely to start there will probably extend down to 1.51. This level is in turn is the lower bound

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.