USD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having dropped to a one-week low on November 19, the U.S. Dollar commenced a sharp appreciation against its Singapore's counterpart that has lasted for 153 hours already. The appreciation took place within the boundaries of the channel up pattern that started also on November 19. At the moment of writing, USD/SGD vacillated not far away from a two-month high reached on November 27. The SWFX data indicates that traders bet on further appreciation of the instrument, with 62.50% of all orders being placed to buy the pair. Technical indicators solidify this view, sending bullish signals for medium and long terms.
© Dukascopy Bank SA

Actual Topics

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.