USD/SGD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As none of the U.S. Dollar's attempts to recover beyond 1.28 proved to be sustainable, the currency pair entered a negatively-sloped corridor. The bearish channel implies that the greenback will continue to underperform, as it is now capped by the falling resistance line at 1.2537, which is also strengthened by the weekly and monthly pivot points.
Additional supply zone is near the recent high at 1.2597, where it merges with the 200-period SMA and weekly R2. On the other hand, the SWFX sentiment towards USD/SGD is explicitly bullish—as many as 74% of the market participants are currently holding long positions.
© Dukascopy Bank SA
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Tue, 06 May 2014 06:52:08 GMT

EUR/GBP 4H Chart: Channel Down

A long-lasting decline performed by EUR/GBP started in mid-March when the currency pair hit a one-month high of 0.8401. After that, the pair has been in the down-trend; however, the drop became more distinct early April that pushed the pair into a bearish corridor.At the moment, the currency couple is sitting slightly below the 50-bar SMA at 0.8224. In the

Mon, 05 May 2014 14:34:19 GMT

EUR/TRY 4H Chart: Channel Down

At the beginning of March the bears started to overpower the bulls and forced a decline in the price. And even though there recently has been a bullish correction, which was initiated by the support at 2.8824, the down-trend resistance prevented further appreciation of EUR/TRY and thus preserved the bearish outlook.Accordingly, once the currency pair closes beneath the monthly S1

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