EUR/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After reaching the lower trend-line, the currency pair spent some time on this line and gained enough bullish momentum to commence a recovery. At the moment the single currency has already crossed the daily pivot point and is hovering further to the north. Concerning the narrow range between two boundaries of the pattern, the pair is likely to reach the upper one relatively easy. This scenario is suggested by short and medium-term technical indicators, which give strong bullish signals. They are supported by the vast majority of market participants, more than 62% of whom are holding long positions on the Euro. Meanwhile, daily studies are mixed for the time being. 
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 18 Nov 2014 15:58:04 GMT

USD/DKK 4H Chart: Channel Up

For the third consecutive week the USD/DKK currency cross has been trading sideways, even though there no strong support lines at least down to 5.89 (weekly S2; monthly pivot point). At the same time, if the mentioned level is reached in the foreseeable future, the demand area is likely to be strong enough to push the US dollar back to

Tue, 18 Nov 2014 08:51:46 GMT

AUD/USD 1H Chart: Channel Up

Due to a formidable support at 0.8540 tested on Nov 7 the Australian is now able to pare some of the recent losses against its US peer. As a result, there is a bullish channel emerging, meaning the up-trend may remain intact in the coming days. The near-term rally is also implied by the proximity of AUD/USD to a tough

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.