USD/SGD 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/SGD has been trying to recover since Tuesday, and the pair managed to form a bullish channel. However, we should note that the upper trend-line appears to be more reliable than its lower counterpart (judging by the number of confirmations), and the technical indicators do not favour a rally neither in the short nor in the long run.
Nonetheless, there is a good chance demand at 1.3650 will be enough to send the exchange rate towards 1.3740. If it fails, additional supports may be found at 1.3630 and at 1.3614. Still, an overwhelming majority of the market participants prefer to be long the US Dollar, namely 71% of them.
© Dukascopy Bank SA
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Fri, 27 Mar 2015 16:50:23 GMT

AUD/CHF 1H Chart: Channel Down

Being unable to overcome supply at 0.7740, AUD/CHF was forced into a down-trend. Accordingly, the appropriate strategy would be to sell on rallies. The key resistance is represented by the trend-line at 0.76, strengthened by the 200-hour SMA, though 0.7546 may also play a significant role.In the meantime, losses should be limited by the support trend-line, which at the moment

Fri, 27 Mar 2015 08:03:12 GMT

EUR/AUD 1H Chart: Channel Up

The Euro appears to be in a good position to appreciate relative to the Australian Dollar. From below the currency pair is well-supported at 1.3917 by the 200-hour SMA and weekly PP and at 1.3900 by the two-week trend-line. The nearest resistance level is at 1.3957 (daily PP), followed by the daily R1 at 1.4018, but the bullish momentum is

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