EUR/SGD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A jump above a three-year high was the last bullish move EUR/SGD performed within the limits of the 330-bar long rising wedge pattern as after that the pair fell sharply and broke through the pattern's support. Although the pair attempted to come back to the pattern's area several hours later, it failed to succeed thus solidifying the view that the breakout has occurred. Now the pair is caught by its short-and long-term SMA that bounded the pair in a 30-pips wide range thus blocking both upside and downside moves of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Dec 2013 11:52:52 GMT

CHF/SGD 1H Chart: Descending Triangle

The descending triangle appeared on the 1H chart of CHF/SGD due to a bearish correction of the one-month rally started in mid-November. Accordingly, the risks were skewed to the upside, which was confirmed by a recent breach of the down-trend resistance line. However, we should be wary of a possibility that the bullish momentum may have already been exhausted—the market

Fri, 20 Dec 2013 07:47:57 GMT

EUR/CAD 1H Chart: Double Top

The second part of November and the first weeks of December were marked as a period of an accelerating advance of the common currency against the Canadian Dollar. After the climb, the pair slightly retreated but then re-gained strength to rally again; in other words, the pair formed a double top pattern. Now the pair is unremittingly moving towards the

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.