EUR/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/SGD topped September highs early October, just to prove disequilibrium and give in to supply pressures, by entering a descending channel, which the pair has been maintaining. Losing volatility, an additional channel down has extended the latest wave, suggesting that the pair could reach the bottom trend-line around 1.5117 or 1.5087 and hover in the middle of the pattern a little longer. Decent support is currently provided by 1.5184, where the weekly S1 and junior channel bottom trend-line clusters, serving as an entry point for a slide towards the senior trend-line. The 1.5227/5225 area is capping upside movements for now and we look for it to fail there if more attacks are launched. There is, however, a strong possibility that the rate might fail to dip underneath 1.5222, as the two-month channel up could prove its dominance and cause the rate to break both junior ones. We would then look for 1.5433 as the ultimate target for the next large-scale wave.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 20 Oct 2016 06:58:06 GMT

NZD/USD 1H Chart: Rising Wedge

A break below the bottom trend-line of the week-long wedge NZD/USD traded in suggests that a steep downward motion will extend the recent theme, further implying that a retracement should take place after the plunge is executed. We see the 0.7181/7166 area as one capable to limit dips underneath in the short term, with further risks skewed to the downside

Wed, 19 Oct 2016 11:05:11 GMT

CHF/SGD 4H Chart: Channel Up

After breaking out from a triangle to the upside, the CHF/SGD currency pair has formed an ascending channel pattern. Although, most recently the currency exchange rate's attempts to move to the channel's upper trend line have been hindered by the 38.20% Fibonacci retracement level. The Fibonacci retracement levels play a significant role on any currency pair, which involves the Swiss

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.