USD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A drop to a four-month low of 1.2452 early April provoked a change in USD/SGD trend. The advancement has been developing within the area bounded by two upward sloping lines; in other words, the pair shaped a channel up pattern.
Recently, the currency couple penetrated the 50-hour SMA at 1.2562 and now the pair is sitting slightly above this line. If the instrument continues to appreciate, it is likely to near daily resistance at 1.2574 and then may even target daily R2, R3 at 1.2593/605, a jump above which may push the pattern's resistance to the fore.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 30 Apr 2014 06:56:52 GMT

GBP/JPY 4H Chart: Ascending Triangle

Since the very beginning of 2014, the Great British Pound has been trading near a five-year high of 174.96. The latest part of the winning streak is represented by a 161-bar long ascending triangle. Now the pair is trading slightly below the lower trend-line of the formation; however, the breakout is likely to be false as two thirds of market players

Wed, 30 Apr 2014 06:56:41 GMT

EUR/NOK 1H Chart: Channel Up

The single European currency embarked upon appreciation against its northern peer early April when the pair plunged to a six-month low of 8.2026. Since then, EUR/NOK has been constantly rising and on April 16 it entered a bullish tunnel. At the moment, the pair is locked between its short-and long-term SMAs, with the 200-hour SMA at 8.2885 meandering below the instrument.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.