SGD/JPY 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The situation that can be seen illustrated on the chart at first glance might seem complicated. However, it is rather simple if one understands first that there are three simultaneous channels that influence the Singapore Dollar's movements against the Japanese Yen. On a large scale the rate is in an ascending channel. In addition, the rate previously surged in an ascending medium sized channel, which already reached the large scale channel's upper trend line. As a result the rate bounced off of the common resistance, and a new descending channel has formed. In addition, the currency exchange rate is influenced by the Fibonacci retracement levels, which are measured by connecting the 2016 low and high levels.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Jan 2017 12:59:26 GMT

XAG/USD 4H Chart: Channel Up

In the recent weeks Silver has formed an ascending channel pattern. The pattern is a medium sized pattern, which formed as a result of the bullion rebounding against a large scale pattern's lower trend line. The large scale pattern is a descending channel, in which the commodity price has traded since the start of July. In addition, the metal's price

Mon, 09 Jan 2017 08:47:33 GMT

GBP/CHF 1W Chart: Channel Down

GBP/CHF has been sliding for two years already, recently adding some bounds to the motion and sketching a channel down pattern. The pair is now testing the upper boundary of the formation, meaning that there is little hope that gains will be posted in the nearest future. It might, however, be the case where the steepness of the channel is

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.