AUD/SGD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Even with the recent increase in the volatility the pair has been trading in the dram of the Channel Down pattern rather well.  Increase in volatility also increases the probability of the momentum gains which becomes important due to the fact that pair is currently trading at the pattern's resistance and at the last few bars of predicted pattern length (which gives additional indications about a possible major move some time soon). In support for such scenario comes the distribution of open positions and pending orders—74% or traders are already long on the pair and 72% of pending orders are set to buy the pair as well.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 19 Jul 2013 14:51:13 GMT

EUR/JPY 1H Chart: Channel Up

EUR/JPY is not wasting time trading sideways, but is quickly rising. This is why the currency pair formed a channel up pattern, which creates the support at 131.43 and at the same time the resistance at 132.32. Judging from this set-up, also considering the signals provided by the technical indicators on 4H and daily charts, the Euro should continue winning

Fri, 19 Jul 2013 14:50:55 GMT

AUD/USD 4H Chart: Double Bottom

AUD/USD has been rather volatile lately, but relatively well shaped Double Bottom pattern managed to emerge. To be on the fair side there might be some questions about where the fist bottom should be, but that ahs little impact on overall analysis. Due to the volatility in trading pair has a magnitude (of movements) rating well above the average suggesting

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.