USD/SGD 4H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rising wedge pattern formed by USD/SGD in the beginning of May has 60% quality and 100% magnitude in a 229-bar period. The pattern is moving closer its apex, as the trading range is narrowing, suggesting a breakout to the upside or to the downside can occur soon. Even though rising wedges are breaking to the downside in 69% of all cases, the majority of aggregate technical indicators are sending "buy" signals, pointing at further appreciation of the pair. At the same time, the Singapore Dollar is sold in 70% of the time, adding to evidence, the pair is most likely to head to the north, rather re-test the support line once again.

 

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Jul 2013 13:40:19 GMT

USD/CAD 4H Chart: Double Top

Greenback-loonie cross is signalling about pairs depreciation as this is the main underlying idea of the Double Top pattern's (pair fails to reach new high and gradually returns to the previous levels). Such development in the short term is supported by the technical indicators. In the medium term, however, we have completely different picture—almost unanimous indication of pairs appreciation. Taking

Fri, 05 Jul 2013 08:29:59 GMT

USD/JPY 1H Chart: Channel Up

Pairs appreciation is not much of a surprise. However, lack of patterns, which highlighted bullish trend was rather unexpected. Currently pair is trading along the pattern's support. However, as indicated by the short term technicals, pair should pick up the pace and rush towards the pattern's resistance soon.  In the medium term we might see some short term sell offs

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.