GBP/AUD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Sterling is in a descending channel pattern against the Australian Dollar, as the currency exchange rate is about to confirm the pattern's support line for the third time. Due to the fact that the new pattern is only 110 pips wide, there are no other resistance or support levels between the two trend lines. However, the 55-hour SMA, which at the moment is located at near the 1.69 level, is nearing the channel down pattern's upper trend line at 1.6890. Daily aggregate technical indicators support a hypothesis that the currency exchange rate will move downwards and rebound afterwards, during the day.
© Dukascopy Bank SA
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Thu, 11 Aug 2016 13:07:04 GMT

SGD/JPY 4H Chart: Channel Down

The Singapore Dollar is depreciating against the Japanese Yen in a channel down pattern, as the currency exchange rate has been struggling with the pattern's upper trend line for the past week. On its way down the pair is likely to find support at two levels, which are represented by the weekly S1 at 74.98 and weekly S2 at 74.31.

Thu, 11 Aug 2016 07:37:04 GMT

AUD/SGD 1H Chart: Channel Up

The Australian Dollar is set to advance against its Singapore counterpart. AUD/SGD is currently trading near a solid demand area, which consists of the weekly R1, the lower bound of the emerging channel and the latest lows. Accordingly, we believe that during the next few days the rate will rise from 1.0340 to 1.0420. This bullish scenario is supported by

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