USD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 190 trading hours the currency pair has been generally advancing forward, while at the same time ignoring the long-term simple moving average that has proven to be unable to stop USD/SGD from moving higher. Now the price is approaching the 200-hour SMA from above in order to regain the bullish momentum it lost near the rising resistance line. If the support at 1.2690 manages to negate the sell-off, the channel up, as a currently emerging pattern, will be confirmed. However, we cannot rule out a possibility of a breach that in turn is likely to imply extension of the dip down to 1.2639.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 05 Aug 2013 06:42:02 GMT

CHF/JPY 1H Chart: Rising Wedge

Being unable to push through the support at 104.99, CHF/JPY started to move in the opposite direction, namely upwards. As a result, it formed a rising wedge on an hourly chart. And even though the pattern has been already broken to the downside, there are still ways to make use of it, since the price has not yet gotten far

Fri, 02 Aug 2013 13:28:05 GMT

AUD/SGD 1H Chart: Descending Triangle

Pair has depreciated by 400 pips in the course of two days (from first touch point at 1.1747 till the pattern' support at 1.1347). It is possible to incorporate Fibonacci retracement of this move in to the analysis, but they seem not to have any effect after he first rebound from the pattern's resistance (Fibo 23.6% was located there). It

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.