CHF/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For more than 57 hours already CHF/SGD has been trading within two falling trend-lines, meaning it has formed a channel down. However, we must note the differences between the boundaries of the pattern. The upper edge is more reliable than the lower one, as it was tested more frequently. Accordingly, we are able to estimate subsequent the levels of the peaks with greater precision than the extent of the troughs. While from a technical perspective the outlook on the pair is bearish, traders see the price approaching the bottom—71% of them are currently long.
© Dukascopy Bank SA
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Thu, 27 Jun 2013 08:01:20 GMT

EUR/JPY 1H Chart: Channel Down

Comment: Current positioning of the pair and readings of the short term technicals suggest that pair is likely to advance above the pattern's resistance at 127.95. Medium term outlook, however, remains negative suggesting that pair is still facing significant downside risk, is likely to rebound from the pattern's resistance and to follow its', bearish, trend. In the long term pair

Wed, 26 Jun 2013 14:40:53 GMT

Evening Trade Pattern Ideas

Dukascopy Trade Pattern Ideas for AUD/USD (Channel Down), NZD/JPY (Double Bottom), CHF/SGD (Double Top) and USD/HKD (Ascending Triangle) till 15:30 GMT.

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