USD/SGD approaches support zone

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the 2021 high level was hit during late November, the USD/SGD currency exchange rate has been declining in a channel down pattern. During February, the pair was booking new low levels, as it approached the support zone of the June and September lows at 1.3385/1.3400.

A passing below the support zone could look for support in the lower trend line of the channel up pattern, which captures the rate's wide range surge throughout 2021. The trend line is located below the 1.3350 mark.

On the other hand, a hold out of the support zone might result in a recovery. A potential recovery of the US Dollar against the Singapore Dollar would find resistance in the combination of the 50-day simple moving average and the upper trend line of the channel down pattern near 1.3500.
Back to articles

Actual Topics

Fri, 18 Feb 2022 10:57:48 GMT

Tesla trades near 900.00

Throughout February, the stock price for Tesla has been bouncing around the 900.00 levels. In the meantime, the pair has been ignoring the 50.00% Fibonacci retracement level at 892.23. If the stock price recovers, it could face resistance in the 950.00 mark, which acted as resistance throughout February. Higher above, note the 61.80% Fibonacci retracement level at 975.35 and the

Thu, 17 Feb 2022 11:04:34 GMT

USD/ZAR breaks dominant pattern

The USD/ZAR currency exchange rate has broken the large scale 2021 channel up pattern by passing below the lower trend line of the pattern. The decline occurred in the channel down pattern, which captures the rate's decline since the start of December. In addition, on February 17, the pair clearly passed below the 200-day simple moving average. If the US

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.