EUR/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The common European currency is simultaneously in two ascending channel patterns against the Singapore Dollar. First of all is the larger scale pattern, which represents the Euros gradual appreciation against the Singapore Dollar since June 24, when the Brexit vote hit the strength of the Euro. Secondly, on a smaller scale the currency exchange rate has formed another channel up pattern, which represents the rates most recent surge, as the currency pair recently reached the larger pattern's lower trend line and rebounded. If the short term pattern remains in force, the currency exchange rate is set to reach the larger channel's resistance around the level of 1.5550 in the timeframe from October 7 to October 19.
© Dukascopy Bank SA
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Thu, 29 Sep 2016 12:45:03 GMT

EUR/DKK 4H Chart: Channel Up

The Euro is also surging in a channel up pattern against the Danish Krona, as the currency exchange rate is fluctuating near the pattern's lower trend line. The whole channel is a rebound of the rate after it encountered the 200-period simple moving average and struggled to pass the support from September 2 to the sixth of the same month.

Thu, 29 Sep 2016 07:03:03 GMT

NZD/CHF 1H Chart: Channel Down

NZD/CHF broke its consistent uptrend late August just to enter a channel down and reverse successfully. Currently on its way to the upper trend-line of the pattern, NZD/CHF faces 0.7091 and 0.7100 where it will have to battle its way north with further risk at 0.7113. Squeezed in between 55-hour and 200-hour SMAs, the pair is building up some bearish

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