USD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/SGD has been moving higher for 412 hours; the advance has been developing within the range bounded by the limits of the channel up pattern that was formed at a time when the appreciation started. At the moment, the pair is declining after a rise to the highest level since August; however, in the hours to come USD/SGD is likely to halt its losing streak due to proximity of the 50-hour SMA that is acting as a strong support zone and may remove the selling pressure that now is pushing the pair lower.
© Dukascopy Bank SA
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Wed, 08 Jan 2014 12:22:00 GMT

EUR/GBP 1H Chart: Channel Down

For the past 200 hours EUR/GBP has been consistently trading between two parallel bearish trend-lines, suggesting there is a channel down being formed on an hourly chart. If this is the case, just recently the Euro bounced off the upper boundary of this corridor (we must note that the 200-hour SMA did not play a secondary role in the initiation

Wed, 08 Jan 2014 07:35:17 GMT

EUR/USD 1H Chart: Channel Down

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