USD/SGD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/SGD keeps trading within the boundaries of the bearish channel. Since the last time we looked at the pair, it has confirmed the upper trend-line once again, reinforcing the bearish outlook. Now, we see a ceiling at 1.3530/20, where the red trend-line is strengthened by the monthly pivot point and the long-term moving average. Our target for the end of July is thus the 2015 low, while the closest major support is at 1.3350, where the April low coincides with the weekly S2. Additional demand is at 1.3290 and 1.3260. The positioning in the SWFX market also favours a decline in the price, being that the Greenback is overbought—73% of open positions are currently long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Jul 2016 07:14:33 GMT

USD/NOK 1H Chart: Falling Wedge

The US Dollar is set to increase in value against the Norwegian Krone. The currency pair is currently trading near the apex of the falling wedge, which is a bullish pattern. Accordingly, the upside risks are increased, and if the upper trend-line at 8.3850 is breached, USD/NOK will be well-positioned for a 0.7-0.8% rise up to the resistance area between

Thu, 14 Jul 2016 11:07:04 GMT

USD/SEK 1H Chart: Falling Wedge

The US Dollar is in a falling wedge pattern against the Swedish Krona, as the currency exchange rate has rebounded against the pattern's lower trend line, and it is fluctuating near it around the level of 8.4700. It is possible that the pair will test the lower trend line at 8.4500 once again. However, the pattern's support line is supported

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.