EUR/SGD 4H Chart: Broadening Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Being unable to surpass the 1.71 mark, EUR/SGD was forced to enter a downward trend. There are certainly more bearish signals then bullish at the moment, even though the currency pair currently is moving closer to the down-trend's resistance line. One of the key drivers are the technical indicators, as daily and weekly ones still remain to the downside. Moreover, the traders' sentiment is strongly bearish, with 70.08% of the SWFX market participants expecting the Euro to lose value against the Singapore's currency. However, currently the pair seems well-supported by the weekly PP and daily S1 at 1.6332/26, thus in the short term we might see a climb towards the 1.64 level.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 19 Sep 2014 12:04:04 GMT

USD/TRY 1H Chart: Channel Up

The bullish channel with distinctive high quality and magnitude levels has been created by Dollar/Turkish Lira currency cross. However, keeping in mind the overall positive trend, the pair has been trading sideways for past couple of hours. We expect such a move to continue, as market sentiment is rather mixed at the moment (only 52% of all positions are long

Fri, 19 Sep 2014 08:02:43 GMT

USD/RUB 1H Chart: Channel Up

Having established a strong support around 36.00, USD/RUB was able to form a bullish channel, meaning the U.S. Dollar is expected to gain in value versus the Russian Ruble. However, for the bullish outlook to remain in effect over the coming trading days, the pair should stay afloat above the upper trend-line at 38.18. Meanwhile, most of the technical indicators

Subscribe to "Fundamental Analysis" feed

Souscrire
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.