EUR/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/SGD cross will most likely fall under considerable bearish pressure in the nearest future as the price has just approached the upper boundary of the channel down pattern. The pattern's edge is also strengthened by 100 and 200-hour moving average, which are not expected to let bulls succeed. Bearish scenario is projected by aggregate four-hour technical indicators at the moment, while none of them are giving signals to acquire the single European currency at the moment. The first demand to meet is represented by the weekly S1 at 1.5877, followed by the pattern's support and daily S1 at 1.5767/62. However, traders retain their bullish views on the matter (70% - long).
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 Oct 2015 12:24:11 GMT

CHF/JPY 4H Chart: Double Bottom

Despite attempts to recover, CHF/JPY remains capped by the 200-period SMA from the north. Technical indicators on daily and weekly time frames suggest the Swiss currency will fail at this important resistance line. Moreover, the similar view is shared by the majority (66%) of market participants at the moment. Nonetheless, bulls may rely on some support from the monthly pivot

Thu, 08 Oct 2015 06:25:33 GMT

USD/NOK 1H Chart: Channel Down

The US Dollar continues to negate gains made in the second half of September. In the short run the value of the currency may rise, but the rally is expected to be capped by the upper boundary of the channel at 8.3017. However, if USD/NOK jumps higher, the 200-hour SMA at 8.3554 should become the next target. In the meantime,

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.