USD/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar trades simultaneously in two patterns against the Singapore Dollar. On a large scale the currency exchange rate is moving lower in a descending channel pattern. Recently the currency pair reached the lower trend line of the descending channel. As a result of the following rebound, a channel up pattern formed, which has almost finished its existence, because its only purpose is to guide the currency rate to the descending channel's upper trend line. Due to that it is easy to forecast that the currency exchange rate is set to surge up to the first important resistance level, which is the 1.4270 level, where the 23.60% Fibonacci retracement level meets with the upper trend line of the long term channel.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Feb 2017 09:18:32 GMT

AUD/CHF 1H Chart: Channel Up

AUD/CHF has been extending a flattish but volatile upward motion for the last half year or so, but has now exited the trading range to potentially form a new, steeper slope for the bullish motion and has sketched an ascending channel on the hourly chart. After testing the upper trend-line and failing, the pair is now on its way towards

Fri, 10 Feb 2017 12:06:08 GMT

AUD/NZD 4H Chart: Channel Up

The Aussie recently broke out of a large scale descending channel pattern against the New Zealand Dollar. As a result, an ascending channel pattern has formed, which is likely to dictate the currency pair's moves in the near future. It is most likely that the ascending channel will set the direction of the Australian Dollar against the Kiwi until the

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.