EUR/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
We hold a bullish bias towards EUR/SGD. While the gains are likely to be limited by the rising resistance trend-line at 1.6025, the Euro is expected to rebound from a strong demand area circa 1.5750, which is created by the monthly PP, 200-period SMA and the lower boundary of the pattern. If 1.6025 does not trigger a bearish correction and the Euro continues to appreciate, the August high and monthly R1 at 1.6550 should become the next target. Alternatively, if the green trend-line fails to underpin the price, there will be a high chance of a decline down to the monthly S1 at 1.5060. Meanwhile, the sentiment is strongly bullish, being that 71% of open positions are currently long,
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 22 Sep 2015 13:14:09 GMT

GBP/USD 1H Chart: Channel Up

The Cable managed to pierce through a number of crucial supports on Monday and Tuesday. As a result of that, GBP/USD is already testing the lower trend-line of the bullish pattern, and there is a risk that it will be breached in the nearest future. The only support is offered by daily S2 at 1.5432. On the other hand, weekly

Tue, 22 Sep 2015 06:44:04 GMT

EUR/NZD 4H Chart: Channel Up

Until now EUR/NZD has been trading in a low-sloped bullish channel after a large spike on Aug 24. However, we expect breakout to the upside in the near future. The main reason is a dense cluster of supports between 1.75 and 1.73, consisting of the multi-month up-trend (since April), 200-period SMA and others. A close above 1.8030 will confirm 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.