USD/SGD 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The USD/SGD currency pair is testing the lower trend-line of the bullish pattern at the moment. The Greenback has experienced a noticeable depreciation against the Singaporean currency; however, a rebound is likely to begin the nearest future. Firstly, the pattern's support is reinforced by the daily PP and 55-hour SMA from below around 1.3475. Moreover, the medium-term technical indicators are giving signals to acquire the US currency, even though in the next 24 hours they suggest another plunge in the pair's value. Meanwhile, the majority of traders (70%) are bullish on the Greenback against the Asian currency, as they are holding long open positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 29 Jun 2015 13:56:03 GMT

AUD/USD 4H Chart: Channel Down

After a short-term rebound in the value of the Australian Dollar in April, the South-Pacific currency is again losing value versus the American Dollar. Moreover, a pace of drop is likely to increase in the near term due to a number of important factors. AUD/USD has just recently bounced back from the pattern's upper edge and fell below several major

Mon, 29 Jun 2015 07:15:17 GMT

NZD/USD 1D Chart: Channel Down

In addition to the bearish channel on the four-hour chart of NZD/USD reviewed a little earlier today, there is a downward-sloping channel emerging on the daily chart as well. However, this pattern warns of the increasing risks of long-term shorts, even though the daily and monthly technicals show otherwise. The reason is that we are approaching the lower trend-line, and

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.