USD/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Prospects of USD/SGD are currently mixed. From one side, the pair has formed a bearish channel, which implies the near-term rallies are to be contained by the red trend-line at 1.3520, while the target is the lower trend-line of the pattern at 1.3440. The negative outlook is reinforced by the technical indicators in all three relevant time frames and is further strengthened by the positioning of traders: 74% of them are long. From the other side, the US Dollar is still trading above the key support trend-line at 1.3470 that connects April, May and June lows. If it is broken, however, there is a good possibility that the sell-off will extend down to 1.3390, namely the May low. Meanwhile, the April low will be nearby at 1.3350.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 17 Jun 2016 07:11:11 GMT

EUR/NOK 1H Chart: Channel Up

EUR/NOK has been bearish since the start of the year, but considering that a major descending resistance trend-line has just been broken (June 13), the price should now be driven by buyers. In addition, the fact that the single currency is oversold (71.5% of positions are short) also favours a stronger Euro. During the next couple of days the rate

Thu, 16 Jun 2016 13:09:04 GMT

USD/PLN 1H Chart: Channel Up

The US Dollar entered a channel down patter on the one hour chart against the Zloty on June 7. At the moment, the currency exchange rate has rebounded against the pattern's lower trend line at 3.9298, and it is moving north at 3.9466. On its way up, the pair is now facing the second weekly resistance at 3.9763 and the

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.