EUR/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
This upward channel is a result of the currency pair bottoming out in April and starting a recovery from 1.4350. And while there are more reasons to be bullish than bearish, just as in EUR/NZD, a break-out to the downside appears to be somewhat more likely here, mainly because of the technical studies that are either mixed or bearish.
Nevertheless, the base case scenario is a rebound from 1.49 and a subsequent rally towards the upper trend-line with a re-test of the February peak. As for the sentiment in the market, here the traders are mostly optimistic with respect to the European currency, being that 70% of open positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 24 Jun 2015 13:02:04 GMT

USD/ZAR 1H Chart: Channel Down

The South African Rand has been appreciating against the US Dollar for quite some time already, namely since the second week of June. However, currently the Buck is making attempts to recover partly some losses occurred, while rebounding from the lower trend-line of the pattern. At the same time, the 100-hour simple moving average is unwilling to let the bulls

Wed, 24 Jun 2015 06:23:58 GMT

EUR/NZD 4H Chart: Channel Up

Considering that EUR/NZD has formed a bullish channel and most of the daily and weekly indicators are pointing upwards, being long the Euro is still reasonable. In the meantime, there is likely to be a sell-off from the upper boundary of the channel at 1.66 and down to the lower edge at 1.59 in the near term, as we expect

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.