AUD/SGD 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As a result of AUD/SGD forming a double bottom pattern and breaking the neckline earlier this year, there is a bullish channel emerging on the chart. Accordingly, the Australian Dollar is set to appreciate against its Singapore counterpart, but has to respect the rising trend-line at 1.1663. Otherwise the exchange rate will be expected to re-visit May 21 low at 1.1536, which is reinforced b the monthly S1 and 200-day SMA, making this level an unlikely candidate for being breached. However, while the near-term indicators are giving ‘buy' signals, the longer-term prospects seem to be bearish—most of the monthly studies are currently pointing downwards.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 30 Jun 2014 14:13:11 GMT

AUD/CHF 4H Chart: Rising Wedge

Following a precipitous rally in the second half of March, appreciation of the Australian Dollar moderated. However, the trading range since then has been constantly narrowing, implying there is a rising wedge pattern emerging on the chart. This was confirmed by AUD/CHF eroding the lower edge of the pattern. Once the up-trend support and 200-period SMA are breached, the price

Mon, 30 Jun 2014 07:05:29 GMT

USD/PLN 1H Chart: Triangle

Although USD/PLN broke out of the 120-bar long triangle around 15 hours ago, we have not seen any considerable changes in the pair's tendency yet. It seems the pair remained locked in a 110-pips wide corridor formed by its short-and long-term SMAs; the currency couple was trapped by this channel after a notable drop performed on Jun 20. Despite the recent

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.