AUD/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A failure to sustain a recovery after an encounter with the resistance at 1.10 resulted in emergence of a bearish channel. However, there is a significant risk of bulls taking control of the situation, which is represented by a 28-day up-trend. Accordingly, if the currency pair closes beneath the support at 1.0810, AUD/SGD will confirm its bearish intentions.
Conversely, should there start a rally, there are plenty of supply areas that can initiate a new sell-off, such as the 200-hour SMA and weekly PP at 1.0850 and 1.0880, respectively. As for the sentiment, as many as 60% of open positions are currently short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Jan 2015 07:13:28 GMT

EUR/USD 4H Chart: Channel Down

Given that EUR/USD is presently trading between two downward-sloping parallel trend-lines, the bias towards the pair is bearish. The negative outlook is also reinforced by the four-hour and daily technical indicators. The Euro is expected to push through the 2004 low at 1.1750 and head towards the lower boundary of the channel at 1.1640, where it merges with the

Tue, 13 Jan 2015 15:16:13 GMT

USD/JPY 4H Chart: Double Top

Last time we have discussed the USD/JPY cross last week, and since then just a little has changed. The pair is still hovering inside the boundaries of the double top pattern, namely below any of two highs and above the valley between them. At the same time, the general trend tends to be rather negative for the US dollar. 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.