EUR/GBP 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
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 hours to come, the distance between the short-term SMA and EUR/GBP is not expected to change a lot as the proportion of long to short positions at the SWFX is almost 1:1. Meanwhile, technical indicators send a definite signal only for a medium-term and this signal is ‘sell'.
© Dukascopy Bank SA
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Tue, 06 May 2014 06:52:19 GMT

USD/CAD 4H Chart: Channel Down

A rise to a five-year high of 1.1279 put a drag on USD/CAD. The pair succumbed to a heavy selling pressure and started to form a channel down pattern in mid-March. After an unsuccessful attempt to break out of the pattern in the very end of April, the currency couple has been meandering near the upper limit of the corridor and

Mon, 05 May 2014 14:34:25 GMT

USD/SGD 4H Chart: Channel Down

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

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