CHF/SGD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
From the point of view of the emerging pattern and the technical indicators, the bias towards CHF/SGD is bearish. The outlook may also be considered negative due to the market sentiment, as 72% of positions are long. The pair is currently trading near the upper bound of the channel, and this implies a decline from 1.3730.

On the other hand, the price is approaching a notable support trendline that connects July 12 and 27 lows. At the same time, strength of the buying pressure has been already demonstrated by rate's inability to finish the latest bearish wave—it had bottomed out at 1.37 before reaching the lower bound of the channel. Accordingly, the outlook is mixed until either 1.3730 or 1.3680 is breached.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 09 Aug 2016 07:07:04 GMT

EUR/NOK 4H Chart: Falling Wedge

Most studies suggest the Euro is set to appreciate against the Norwegian Krone during the next two weeks. Falling wedge is a bullish pattern, and in addition the price is trading right at a confluence of supports, including the weekly S1, 200-period SMA, up-trend and August 5 low. Moreover, majority of the daily and weekly technical indicators is pointing north.

Mon, 08 Aug 2016 12:56:03 GMT

AUD/CAD 1D Chart: Channel Up

However you look at AUD/CAD, nearly every technical study suggests further appreciation of the Australian Dollar. In addition to a high-quality ascending channel, which implies a rally towards 1.0185/70, the bullish outlook is reinforced by the fact that the pair has recently broken through a falling resistance trend-line that was established during the last month of 2015 and during the

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.