USD/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is only in one notable channel against the Singapore Dollar. The rate is in ascending channel pattern, which represents the Greenbacks gains against the Singapore Dollar for the past three months. Although that might seem simple, there are other factors that need to be examined and taken into account. First of all there is the significant force of the 2015 high level at 1.4450. Most recently the currency exchange rate has been trading very close to the high level, as it has kept providing support to the pair. Secondly there is the up aimed single trend line, that has provided resistance to the rate since November 24. Recently it has stopped the pair from surging three times in a row in the past half a month. However, the rate is oversold, as 72% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 02 Jan 2017 09:10:47 GMT

USD/PLN 30M Chart: Falling Wedge

USD/PLN opened 2017 with a prominent leap above the falling wedge pattern at had formed previously and now appears to be gaining some downward momentum which will most likely lead to a retracement from the broken trend-line of 4.1837. Levels, such as 4.1934, 4.1898 and 4.1855 will mess with the momentum and could as well serve as a floor in

Fri, 30 Dec 2016 14:58:05 GMT

USD/SEK 4H Chart: Channel Down

The US Dollar is simultaneously trading in two channels against the Swedish Krona. On a larger scale the pair is in an ascending channel pattern. On a medium scale the pair trades in a descending channel, which is a representation of the pair's decline from the larger pattern's resistance line to its support line. However, the support line has already

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.