CHF/SGD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CHF/SGD attempted to recover from the 3.3% slip it posted over the last month or so, and sketched a combination of two patterns that give out very different signals on the hourly time-frame. While highs losing amplitude suggest that there might be some bearish potential accumulating, a newly sketched channel up pattern denies a reversal, but might just be too young to make any conclusions. However, the stickiness of the upper boundary of the wedge suggests that the pair might break it soon around 1.4082 and move on to tests of the channel upper trend-line around 1.4105 in a steep and conclusive motion. Immediate support lies at 1.4062, and if broken – will confirm that the wedge is still in power and a reversal is on the way.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 17 Mar 2017 14:59:13 GMT

AUD/CAD 1D Chart: Channel Up

The Aussie is surging on the daily chart against the Loonie in an ascending channel pattern, which is breaking one by one through Fibonacci retracement levels. The Fibonacci retracement levels are measured by connecting the 2016 high level and the 2015 low level. The retracement levels have been affecting the currency pair's movements for the past two years. It can

Fri, 17 Mar 2017 08:31:09 GMT

USD/DKK 1H Chart: Falling Wedge

Following the December attack at the 2015 high of 7.1549, USD/DKK established a downward-sloping channel, which has now added an additional boundary for diminishing highs that point to a falling wedge pattern. We will look for the upper boundary of the wedge to immediately break at 6.9079 and for a steep surge to dash through the resistance of 6.9140 with

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.