AUD/SGD 1H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rise by AUD/SGD has been developing inside two diverging upward sloping lines; in other words, within the boundaries of the broadening rising wedge.
At the moment, the currency couple is vacillating above the 50-bar SMA at 1.1696, albeit slightly and given a moderately bearish sentiment on the SWFX-circa 60% of traders bet on depreciation of the pair-we may expect the Australian Dollar to lose some ground against its Singapore's peer. If these expectations materialize, the pair is likely to fall below the 50-hour SMA and in case the level of 1.1689/4 (daily S1, S2) fails to contain the decline, a breakout may follow.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 12 May 2014 07:09:13 GMT

AUD/NZD 1H Chart: Double Top

A decline to a one-month low of 1.0650 early May provoked a sharp appreciation of the Australian Dollar against its New Zealand counterpart and helped the pair to form a double top pattern. Although the pair now is on its way towards the neck-line at 1.0769 since the instrument has already commenced a retreat from the second peak, market players

Mon, 12 May 2014 07:05:15 GMT

GBP/NZD 1H Chart: Channel Up

GBP/NZD entered a bullish channel shortly after a two-week retreat from a six-week high of 1.9766. Now the pair is sitting at the lower limit of the 103-bar long formation as the 200-hour SMA at 1.9549 is blocking the upswing. In the hours to come, the instrument may attempt to breach this formidable resistance that is likely to initiate a

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.