USD/SGD 4H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/SGD is also going to meet the pattern's upper boundary in the next 24 hours, which is placed within 35 pips to the north from the spot price. Here the bullish outlook seems to be more realistic, as more than 66% of all traders are going long on the US Dollar versus its Singapore counterpart. Moreover, both 4H and daily indicators are largely pointing upwards at the moment. However, bullish intentions will be immediately tested by the monthly R3 and weekly R1 resistance at 1.4177/97, in case the longs send the price above the pattern's upper edge. A failure may trigger losses down to 1.4021 (100-period SMA) in the near term, but bears are mainly targeting the demand zone at 1.3977/52.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 31 Aug 2015 11:03:07 GMT

AUD/USD 1D Chart: Channel Down

The Aussie has been depreciating versus the Dollar since May of the previous year. Last time this currency pair touched any trend-line was in May 2015, when it peaked at 0.8164. That point of time marked a beginning of a new sell-off period. At the moment AUD/USD is hovering near the monthly S1 at 0.7115, while any development below this

Mon, 31 Aug 2015 07:21:31 GMT

GBP/CAD 1H Chart: Double Bottom

Sterling/Loonie cross will soon meet the pattern's resistance line, which is located at 2.0472. The pair will have to decide, whether to continue trading within the boundaries of the current pattern or to violate the mentioned supply. The first scenario will imply a decline back in the direction of 2.0291, namely the Aug 27-28 lows. This idea is supported by

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.