CHF/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Swiss Franc is in a channel down pattern against the Singapore Dollar, as the currency exchange rate has confirmed the pattern's upper trend line for the second time just recently. At the moment, the pair is in the middle of the pattern at 1.3666, and in accordance with the pattern, the Swiss Franc is set to depreciate against the Singapore Dollar and move to the pattern's support line at 1.3638. However, on its way down the pair is struggling with the support provided by the weekly S2 at 1.3649. Afterwards, it will most likely rebound, as the pattern's lower trend line is also supported by the monthly S2 at1.3636. The theory is also supported by aggregate technical indicators, which forecast a downfall in the next four hours and no changes on a daily timeframe.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 27 Jul 2016 11:09:58 GMT

USD/ZAR 30M Chart: Channel Up

The US Dollar is moving northwards in ascending channel pattern against the South African Rand. The currency exchange rate just recently has rebounded against the pattern's lower trend line at 14.2885, and the rate is moving northwards. At the moment, the exchange rate is struggling with a resistance cluster put up by the weekly PP at 14.3199 and 200-period

Wed, 27 Jul 2016 07:21:10 GMT

USD/DKK 1H Chart: Channel Up

There are good reasons to be bullish on USD/DKK in the very near term, but in the perspective of several weeks the currency pair is likely to lose ground. At the moment the price is right at the lower bound of the emerging ascending channel. The rate is thus expected to rebound from 6.76. The upside, however, is limited by

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.