USD/SGD 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is in a post Brexit falling wedge pattern against the Singapore Dollar. At the moment, the currency exchange rate is located next to the pattern's upper trend line at 1.3462. The upper trend line's provided resistance is strengthened by the 55-hour SMA, which by 11:00 GMT was located exactly on the trend line. Above the before mentioned resistance another resistance cluster is located, it consists of the 100 and 200-hour SMAs respectively at 1.3486 and 1.3488. In addition, SWFX trader sentiment indicates at the pair being overbought, as 67% of all open positions are long. However, aggregate daily technical indicators forecast that the currency exchange rate will remain unchanged during the day.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 05 Jul 2016 06:35:25 GMT

USD/DKK 1H Chart: Channel Down

For the time being USD/DKK is bearish, as the currency pair formed a descending channel after jumping to 6.8160 amid the referendum in the United Kingdom. The sellers are highly unlikely to stay in control for long, however. The price is slowly returning back to the broken seven-month trend-line, which is supposed to trigger heavy buying once the rate reaches

Mon, 04 Jul 2016 12:08:04 GMT

AUD/CHF 4H Chart: Channel Up

The Aussie, by reversing its direction against the Swiss Franc, has established a channel up pattern following a breakout of a double down pattern. Previously the pair was in a channel down pattern until the currency exchange rate formed a double bottom pattern, which usually predicts and in this case confirmed a reversal of the trend. At the moment 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.