USD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
While the US Dollar is likely to weaken today, the longer-term prospects are bullish. The currency pair has recently approached the upper boundary of the channel, meaning there is likely to be a sell-off from 1.3720. However, the decline should be short-lived, considering that the price closed above the 200-hour SMA and there is a dense demand area circa 1.3650, created by the weekly pivot point and lower boundary of the pattern. USD/SGD has the potential to rise up to 1.3850 by the end of the month, but is not expected to move beyond this level. Meanwhile, in case the rate dips through the green trend-line, the bulls will have a good chance to recuperate near the March 22 low at 1.3570.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 24 Mar 2016 07:30:06 GMT

USD/SEK 1H Chart: Channel Up

USD/SEK is well-set to advance further north. Although the pair has been in a down-trend since the beginning of March, it managed to stabilise before hitting October 2015 low and the Greenback is now trading above the 200-hour SMA and within the boundaries of a high-quality ascending channel. The immediate support is at 8.2350/8.2590, while the key zone is 8.2500/8.2475,

Wed, 23 Mar 2016 15:19:08 GMT

USD/CHF 4H Chart: Falling Wedge

Although the US Dollar has seen a rebound versus the Swiss Franc this week, all bullish hopes are likely to be diminished by the weekly pivot point and, most importantly, the 55-period SMA at 0.9747 and 0.9780, respectively. Additional supply is offered by the cluster of resistances at 0.9855/70 where both 100 and 200-period SMAs are joined by the weekly

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.