USD/SGD 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having dropped to a one-week low on November 19, the U.S. Dollar commenced a sharp appreciation against its Singapore's counterpart that has lasted for 153 hours already. The appreciation took place within the boundaries of the channel up pattern that started also on November 19. At the moment of writing, USD/SGD vacillated not far away from a two-month high reached on November 27. The SWFX data indicates that traders bet on further appreciation of the instrument, with 62.50% of all orders being placed to buy the pair. Technical indicators solidify this view, sending bullish signals for medium and long terms.
© Dukascopy Bank SA
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Fri, 29 Nov 2013 07:41:27 GMT

GBP/CAD 1H Chart: Channel Up

The British Pound has rallied versus the Canadian Dollar for the last 116 hours forming a channel up pattern on November 20. Since November 27 the pair unremittingly followed the upper boundary of the pattern that may be a sign that the pair is strong enough to try to penetrate this level before long. A couple of hour ago, GBP/CAD

Fri, 29 Nov 2013 07:41:46 GMT

EUR/CAD 4H Chart: Channel Up

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