EUR/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro appears to be in a good position to appreciate relative to the Australian Dollar. From below the currency pair is well-supported at 1.3917 by the 200-hour SMA and weekly PP and at 1.3900 by the two-week trend-line. The nearest resistance level is at 1.3957 (daily PP), followed by the daily R1 at 1.4018, but the bullish momentum is expected to persist at least until 1.4061, while the base case scenario is a rally towards the upper boundary of the channel at 1.41, which is reinforced by the weekly R1. As for the SWFX sentiment, the market participants are largely short the Euro: 58% of positions are to profit from currency's underperformance.
© Dukascopy Bank SA
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Fri, 27 Mar 2015 15:15:41 GMT

USD/SGD 1H Chart: Channel Up

USD/SGD has been trying to recover since Tuesday, and the pair managed to form a bullish channel. However, we should note that the upper trend-line appears to be more reliable than its lower counterpart (judging by the number of confirmations), and the technical indicators do not favour a rally neither in the short nor in the long run.Nonetheless, there is

Fri, 27 Mar 2015 07:52:05 GMT

USD/TRY 1H Chart: Channel Up

A downward correction from the mid-March seems to have ended at 2.54, and the currency pair is now advancing towards the key level at 2.6450. By breaching this level USD/TRY will confirm its long-term bullish intentions. At the same time, immediate support is at 2.61, represented by the lower trend-line of the cannel. If violated, this will imply a sell-off

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