SGD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Singapore Dollar is another of the many currencies, which is scoring gains against the Japanese Yen, as the currency pair is in a medium and short term ascending channels, which are a part of a large scale descent. Recently the pair has already hit the combined resistance of the medium and large scale pattern upper trend lines. The rate is set to form a new medium term descending channel. However, the pair recently rebounded against the existing medium term patterns lower trend line and has formed a short term ascending pattern. Because of these factors combined, there are two possible outcomes for the rate. Either it will surge back up to the long term channel's resistance or it will be beaten down by the 200-period SMA, which is located at 80.12.
© Dukascopy Bank SA

Actual Topics

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.