EUR/SGD 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Singapore Dollar has depreciated considerably against the Euro since yesterday, even though until Tuesday the EUR/SGD pair has been moving mostly sideways. As a result, the bullish channel emerged in the one-hour chart, and the near term outlook is now bullish. The positive scenario is also shared by technical indicators on all time frames, as they see the cross higher in the next 24 hours. Additionally, 73% of SWFX traders are bullish towards the single currency. Considering that the pair has already pierced through all weekly resistances, it is quite likely EUR/SGD will continue moving upwards in the next few days, while the Jan high at 1.6045 acts as a key target for the time being.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Aug 2015 13:56:08 GMT

NZD/USD 4H Chart: Channel Down

At the moment the Kiwi is trading inside a dense cluster of different technical levels, making it more difficult to project the pair's possible development in the nearest future. However, several facts remains unquestionable. The New Zealand Dollar is actively attempting to violate the upper edge of the bearish pattern. Moreover, the pair has denied to move far away from

Wed, 12 Aug 2015 06:39:11 GMT

USD/CAD 4H Chart: Channel Up

There are at least two acceptable variants of a bullish channel emerging in the four-hour chart of USD/CAD. While this decreases trustworthiness of the potential supports and resistances, at the same time this increases the appeal of a bullish outlook. Regardless of the pattern's version, the key topic for the pair during the next few days is going to

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.